Zuari Global said that Zuari Investments, a wholly owned subsidiary of the company has acquired additional 26.27% (totaling 51.27%) equity shares of Gobind Sugar Mills (GSML). Therefore GSML has become a subsidiary of Zuari Investments. Consequently, GSML has also become subsidiary of Zuari Global.

Zuari Global, erstwhile Zuari Industries, has been the principal promoter entity for the Zuari Group of Companies, with forays into fertilizer, seeds, engineering, lifestyle industries and services. Besides growing the fertilizer business of the group to its present preeminent status as one of India's leading fertilizer conglomerates, it has a substantial presence in the areas of pesticides, financial services, RTA furniture and Oiltanking through several subsidiaries and joint ventures.

Shares of the company gained Rs 1.5, or 1.65%, to trade at Rs 92.15. The total volume of shares traded was 5,697 at the BSE (1.11 p.m., Friday).