Merger27 Apr 2026, 12:44 pm
Kiran Vyapar: Placid Ltd's 33.86% stake transferred to MSUM via amalgamation
AI Summary
Kiran Vyapar Ltd (KVL) received a disclosure under SEBI Takeover Regulations regarding the transfer of 92,38,132 equity shares, representing 33.8589% of KVL's total paid-up equity share capital. These shares were transferred from Placid Ltd to Maharaja Shree Umaid Mills Limited (MSUM) as a result of a Scheme of Amalgamation. The scheme, involving 20 transferor companies including Placid Ltd with MSUM, was sanctioned by the NCLT Kolkata Bench on March 16, 2026, with Placid Ltd ceasing to exist from April 25, 2026. This acquisition is an internal transfer among the existing promoter group and does not alter the aggregate shareholding of KVL's promoter and promoter group.
Key Highlights
- Placid Ltd's 33.8589% stake in Kiran Vyapar Ltd transferred to Maharaja Shree Umaid Mills Ltd.
- Transfer occurred due to an NCLT-approved Scheme of Amalgamation effective April 25, 2026.
- 92,38,132 equity shares of Kiran Vyapar Ltd were involved in the transfer.
- This is an internal transfer within the existing promoter group of Kiran Vyapar Ltd.
- No change in the aggregate shareholding of Kiran Vyapar's promoter and promoter group.