Acquisitions20 Nov 2025, 06:37 pm

Kemp & Company Ltd Enters into Binding Agreement for Property Purchase with VIP Industries Limited

AI Summary

Kemp & Company Ltd has entered into a binding agreement for the purchase of an immovable property named ‘VIP House’ at Prabhadevi, Mumbai from VIP Industries Limited. This transaction is a material related party transaction for the Company as per the SEBI Listing Regulations. The purchase will be made for Rs. 40.71 crores on an ‘as is where is’ basis, subject to shareholder approval. Kemp & Company Ltd holds 0.23% of the total shareholding of VIP Industries Limited.

Key Highlights

Kemp & Company Ltd has entered into a binding agreement with VIP Industries Limited for the purchase of an immovable property.
The property, named ‘VIP House’, is located at Prabhadevi, Mumbai.
The transaction is a material related party transaction for Kemp & Company Ltd.
The purchase will be made for Rs. 40.71 crores on an ‘as is where is’ basis.
The transaction is being carried out at arm’s length.

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