Merger25 Apr 2026, 09:11 pm
Kiran Vyapar: Placid Ltd Merges with Maharaja Shree Umaid Mills
AI Summary
Kiran Vyapar Ltd. reports that Placid Limited, in which it held a 29.70% stake, has been amalgamated with Maharaja Shree Umaid Mills Limited (MSUM) following NCLT approval. Effective April 25, 2026, Kiran Vyapar will receive 8,21,55,375 equity shares of ₹10 each in MSUM as consideration, resulting in a total holding of 8,97,29,943 shares, representing approximately 27.73% of MSUM's post-amalgamation equity. Consequently, MSUM will be classified as an associate of Kiran Vyapar.
Key Highlights
- Placid Ltd merges with Maharaja Shree Umaid Mills (MSUM) effective April 25, 2026.
- Kiran Vyapar to receive 8,21,55,375 MSUM shares as consideration for Placid Ltd stake.
- Post-merger, Kiran Vyapar holds 27.73% stake in MSUM, classifying MSUM as an associate.
- Share exchange ratio: 515 MSUM shares for every 1 Placid Ltd share held.
Price Impact
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