SPV Global Trading Ltd to Sell 54.90% Stake in Rashtriya Metal Industries Limited for INR 3,02,02,18,250

SPV Global Trading Ltd has announced its intention to sell 54.90% stake in its subsidiary, Rashtriya Metal Industries Limited, to prospective buyers. The stake is valued at INR 3,02,02,18,250, based on a per share equity value of INR 1,325. The company is currently in the process of identifying buyers, who must be persons other than promoters or members of the promoter group. The transaction is expected to be completed by 30th June, 2026, subject to the fulfillment of relevant condition precedents and closing under the definitive documents. The sale is not a related party transaction and is not part of a Scheme of Arrangement.