Mangalam Global Enterprises has informed exchanges that the company has signed a deal for strategic acquisition of new assets. 

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As part of the agreement, the company will purchase plant machinery and buildings from Shree Gurukrupa Oil and Foods and lands admeasuring 19833 square yards.

"Mangalam Global Enterprise Limited (“MGEL/the Company”) enter in to the Agreement on June 18, 2024 to Purchase Plant & Machinery and Buildings from Shree Gurukrupa Oil and Foods (“Partnership Firm") and lands admeasuring 19833 square yards bearing Survey Nos. 186, 188 & 189 (collectively known as “Assets”) from the individual land owners at Taluka: Jotana, Mehasana, Gujarat," the company said.

Mangalam Global Enterprise Limited is Group Mangalam’s agricultural vertical based out of Gujarat and Rajasthan, producing castor oil, mustard oil, soyabean oil and their derivatives, as well as, wheat, rice and cotton ginning.