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Waaree Technologies has received an approval for the purchase / acquisition / slump purchase of the Lithium Battery Business Undertaking from related party WAAREE ESS (the Seller) together with all its assets and liabilities including the concerned licenses, permits, consents, approvals and the employees, as a going concern / on a slump sale basis on as is where is basis or in any other manner as the Board may deem fit at a consideration which would be restricted to a maximum sum of Rs 20 crore i.e. an amount of Rs 20 crore is an estimated maximum amount of the consideration and the exact consideration will be determined based on the net value of assets and liabilities forming part of the Undertaking of the Seller as on the Effective Date i.e. October 1, 2022 or as may be agreed between the Parties) post requisite approval from the shareholders of the Company at the ensuing Annual General Meeting for a combination of consideration other than cash (to be adjusted against trade receivables) and balance amount of consideration in cash. The Board of Directors of the company at its meeting held on September 02, 2022 has approved the same.
Waaree Technologies is into the business of manufacturing and supplying of adhesive tapes and synthetic paper (teslin papers) from jumbo rolls of adhesive tapes and synthetic paper (teslin) respectively. It operates as an important intermediary in the packing material supply chain, whereby it purchase materials such as tapes, labels, papers, etc., in the roll form which is further cut and repacked into smaller rolls.
| Company Name | CMP |
|---|---|
| Exide Inds | 488.25 |
| Amara Raja Energy | 1180.30 |
| HBL Power Sys | 497.35 |
| Eveready Inds. India | 327.15 |
| Indo-National | 589.00 |
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MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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