Deals27 Mar 2026, 07:01 pm
Kranti Industries Ltd. Disinvests 15.22% Stake in Preciso Metall Private Limited for ₹ 10/- per share
AI Summary
Kranti Industries Ltd. has disinvested up to 10,00,000 equity shares of ₹10/- each, representing 15.22% of the paid-up share capital of Preciso Metall Private Limited (PMPL). The Seller has entered into and executed the Share Purchase Agreement on March 27, 2026, with Mr. Sunil Rameshlal Gadiya and Mr. Kunal Vijay Vora for off-market transfer of 4,00,000 equity shares (representing 6.09% Equity stake of PMPL) to each purchaser at an issue price of ₹ 10/- per share of Preciso Metall Private Limited.
Key Highlights
- Kranti Industries Ltd. disinvested 15.22% stake in Preciso Metall Private Limited.
- The stake was disinvested through a Share Purchase Agreement.
- The agreement was executed with Mr. Sunil Rameshlal Gadiya and Mr. Kunal Vijay Vora.
- 4,00,000 equity shares were transferred to each purchaser at an issue price of ₹ 10/- per share.
- The disinvestment was approved in the Board of Directors meeting held on March 25, 2026.