Acquisitions22 Jun 2026, 10:40 pm
IP Rings Buys JV's Manufacturing Business for ₹1
AI Summary
IP Rings Ltd has signed a Business Transfer Agreement with its Joint Venture company, IPR Eminox Technologies Private Limited, to acquire its manufacturing business through a slump sale. The transaction includes taking over fixed assets of ₹2.67 Cr, working capital of ₹2.08 Cr, and bank liabilities of ₹3.45 Cr, all based on an audited financial statement. The consideration for this acquisition is a nominal ₹1, determined by an MCA-approved valuer. Additionally, IP Rings has entered into a Licensing and Technical Support Agreement for design development. This deal is classified as a related party transaction but is conducted on an arm's length basis.
Key Highlights
- IP Rings acquires manufacturing business from JV IPR Eminox via slump sale.
- Transaction consideration is ₹1, based on valuation report.
- Acquisition includes fixed assets, working capital, and bank liabilities.
- Related party transaction conducted on an arm's length basis.
- Licensing and Technical Support Agreement also executed for design development.
Price Impact
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