Tag: Diversification
MANUFACTURING Capricorn Systems To Merge With Radical Bio; Shift To Ethanol Business

Capricorn Systems Global Solutions Ltd (CSGL), a Hyderabad-based listed entity, has approved a merger with Radical Bio-Organics Ltd (RBOL) as part of its diversification strategy to exit the IT-enabled services business and enter high-growth distillery and chemical manufacturing segments. On April 11, 2026 the board approved the merger with a 1:1 share exchange ratio. Post-merger, […]

CW Bureau · Apr 12, 2026
RETAIL/FMCG Poomex Clothing Buys Bombay Burmah’s Tea Estate For ₹120 Cr

Tiruppur-based Poomex Clothing Company, along with four partners, has acquired the Dunsandle tea estate in Udhagamandalam from Bombay Burmah Trading Corporation Ltd (BBTC) for a total consideration of ₹120 crore. BBTC said it has already received ₹110 crore from the buyers, with the balance to be paid as per the agreement, adding that the acquirers […]

CW Bureau · Mar 28, 2026