Photo from Golden Agri

Golden Agri subsidiary defers listing in India

The subsidiary will explore opportunities to enhance shareholders' value in the meantime.

Golden Agri Resources' indirect subsidiary, Gemini Edibles & Fats India Limited (GEFI), has deferred its listing on the BSE Limited and the National Stock Exchange of India.

In a bourse filing, Golden Agri cited "adverse and uncertain market conditions" as the reason for the suspension of GEFI's listing.

In the meantime, Golden Agri and GEFI will continue to explore opportunities to enhance shareholders' value, said the former's director.

GEFI is a 56.27% indirect subsidiary of Golden Agri. Golden Agri first announced the proposed listing of the edible oil manufacturer on 8 August 2021.

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