{"id":7135,"date":"2021-12-06T18:49:30","date_gmt":"2021-12-06T13:19:30","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-gss-infotech-acquisition\/"},"modified":"2021-12-06T18:49:30","modified_gmt":"2021-12-06T13:19:30","slug":"biz-gss-infotech-acquisition","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-gss-infotech-acquisition\/","title":{"rendered":"GSS Infotech&#8217;s Board okays Polimeraas acquisition"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3180436848\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>       Hyderabad, Dec 6 (PTI) GSS Infotech limited on Monday said its Board of Directors approved the 100 per cent acquisition of &#8220;farm to store&#8221; company Polimeraas, with a combination of stock and cash.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-937505867\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>        A press release from GSS Infotech said  Polimeraas is valued at Rs 250 crore.<\/p>\n<p>          The merger of Polimeraas Agros with GSS Infotech will be through a scheme transaction subject to the approval of the shareholders, stock exchanges and regulatory authorities, it said.<\/p>\n<p>        Speaking about the merger, Bhargav Marepally CEO of GSS Infotech said &#8220;GSS has always been focused not just growth but on strategic growth opportunities that take advantage of a changing business environment. B2C e-commerce opportunities leveraging core technology strength has always been an integral part of GSS&#8217;s inorganic growth strategy to drive growth.&#8221;         The acquisition is clearly the most logical step to take bearing in mind the explosive growth that GSS is  going to see for e commerce especially for online and hyper local fulfillment, he further said.<\/p><div class=\"trade-content_5\" id=\"trade-3114087194\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>        Polimeraas  is a highly valuable brand in procurement, distribution and sale of Agricultural products, fully processed and semi-processed food and other home consumables based out of the city. It operates with 75 stores across two locations Hyderabad and Bangalore with an average footfall of 21,000 per store per month. PTI GDK BN   BN<\/p>\n<div class=\"trade-after-content\" id=\"trade-4196010705\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Hyderabad, Dec 6 (PTI) GSS Infotech limited on Monday said its Board of Directors approved the 100 per cent acquisition of &#8220;farm to store&#8221; company Polimeraas, with a combination of stock and cash. A press release from GSS Infotech said Polimeraas is valued at Rs 250 crore. The merger of Polimeraas Agros with GSS Infotech [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-7135","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>GSS Infotech&#039;s Board okays Polimeraas acquisition - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-gss-infotech-acquisition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GSS Infotech&#039;s Board okays Polimeraas acquisition\" \/>\n<meta property=\"og:description\" content=\"Hyderabad, Dec 6 (PTI) GSS Infotech limited on Monday said its Board of Directors approved the 100 per cent acquisition of &#8220;farm to store&#8221; company Polimeraas, with a combination of stock and cash. A press release from GSS Infotech said Polimeraas is valued at Rs 250 crore. 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