Sale7 Sept 2026, 03:51 pm
Aro Granite Sells Business Unit for ₹67 Cr
AI Summary
Aro Granite Industries Ltd announced the approval by its Board of Directors for the sale of a business unit located in Mahindra World City, Jaipur, via a slump sale for ₹67 crore. This transaction represents 16.27% of the company's consolidated turnover and 27.70% of its net worth. The sale is subject to shareholder approval via postal ballot and other regulatory and stakeholder consents. The buyer is M/s United Stones Private Limited, an independent third-party entity. The company also approved the draft notice for the postal ballot and appointed a scrutinizer for the e-voting process.
Key Highlights
- Board approves sale of business unit for ₹67 crore.
- Sale represents 16.27% of consolidated turnover.
- Net worth contribution of the unit is 27.70%.
- Transaction requires shareholder and regulatory approval.
- Buyer is independent third-party, United Stones Pvt Ltd.
Price Impact
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