Onelife Capital Advisors Limited (OCAL), a Mumbai-based company involved in investment banking and other financial advisory services, is considering acquisition of shares of Goodyield Farming Limited (“GFL”). The Board of Onelife Capital has expressed its keenness subject to due diligence and all regulatory and statutory approvals/clearances.
GFL is a contract farming company based out of western India and had a revenue of Rs 67.21 crore and PAT of Rs 8.67 crore for FY11. GFL has a subsidiary Company by the name of Goodyield Fertilizers and Pesticides Private Limited (“GFPPL”). GFPPL had a revenue of Rs 43.24 crore and PAT of Rs 3.05 crore for FY11.
The board of OCAL has constituted a Committee consisting of three directors to specifically look into all aspects of the said acquisition subject to and in compliance with explicit approval by SEBI and other regulatory and statutory authorities.
