Jonjua Overseas Limited has acquired the "Major HSJonjua Trade name" for Rs 34.53 Cr from its Managing Director, Harjinder Singh Jonjua.

This trade name, used globally for 35 years, is recognized for public trust.

The acquisition is a strategic move to significantly expand the company's global business, strengthen its brand portfolio, and deepen market reach.

The consideration is structured as an unsecured loan, with a potential for adjustment against share subscription.

This aims to leverage the established reputation of the acquired tradename.