Sale12 Mar 2026, 11:05 pm
SPV Global Trading Ltd. to Sell 54.90% Stake in Rashtriya Metal Industries for INR 310.17 Crores
AI Summary
SPV Global Trading Ltd. announced the approval of a Share Purchase Agreement to sell 22,79,410 equity shares representing 54.90% stake in Rashtriya Metal Industries Limited to Gravita India Limited for a purchase consideration of approximately INR 310.17 Crores. The transaction is expected to be completed by 31st March, 2026. The sale is not a related party transaction and Gravita India Limited does not form part of the promoter, promoter group or group companies.
Key Highlights
- SPV Global Trading Ltd. to sell 54.90% stake in Rashtriya Metal Industries Limited
- Stake sale to Gravita India Limited for approximately INR 310.17 Crores
- Transaction expected to be completed by 31st March, 2026
- Not a related party transaction
- Gravita India Limited does not form part of promoter, promoter group or group companies