Investment27 March 2026 at 01:51 pm
Kranti Industries Disinvests 15.22% Stake in Subsidiary Preciso Metall Private Limited for ₹80 Lakh
AI Summary
Kranti Industries Ltd. has disinvested up to 15.22% of the paid-up share capital of its subsidiary, Preciso Metall Private Limited (PMPL), through a Share Purchase Agreement (SPA) with Mr. Kunal Vijay Vora and Mr. Sunil Rameshlal Gadiya. The disinvestment amount is ₹80,00,000 (Rupees Eighty Lakh Only). Post this disinvestment, PMPL has ceased to be a subsidiary of Kranti Industries and has become an associate company.
Key Highlights
- Kranti Industries disinvests 15.22% stake in its subsidiary, Preciso Metall Private Limited.
- The disinvestment amount is ₹80,00,000 (Rupees Eighty Lakh Only).
- The transaction was executed through a Share Purchase Agreement (SPA) with Mr. Kunal Vijay Vora and Mr. Sunil Rameshlal Gadiya.
- Preciso Metall Private Limited has ceased to be a subsidiary and has become an associate company of Kranti Industries.
- The disinvestment was approved by the Board of Directors and the Investment Committee of Kranti Industries.