Deals16 Mar 2026, 12:56 pm
Nidhi Granites Ltd to Sell Step-Down Subsidiary Fine Papyrus Private Limited for Rs. 3,24,62,100
AI Summary
Nidhi Granites Ltd announced that its wholly owned subsidiary, SPNP Paper and Pack Private Limited, has entered into a Share Purchase Agreement with NGL Corporation Private Limited to sell its 100% shareholding in Fine Papyrus Private Limited, a step-down subsidiary. The transaction is part of a strategic business restructuring decision and is expected to be completed within 30 days from the execution of the agreement. Fine Papyrus Private Limited is engaged in the paper and packaging related activities.
Key Highlights
- Nidhi Granites Ltd to sell its step-down subsidiary, Fine Papyrus Private Limited.
- Transaction amount is Rs. 3,24,62,100.
- The sale is part of a strategic business restructuring decision.
- The transaction is expected to be completed within 30 days.
- Fine Papyrus Private Limited is engaged in the paper and packaging related activities.