Acquisitions12 Mar 2026, 11:12 pm
SPV Global Trading Ltd to Sell 54.90% Stake in Rashtriya Metal Industries Ltd to Gravita India Limited for INR 310.17 Crores
AI Summary
SPV Global Trading Ltd has entered into a Share Purchase Agreement with Gravita India Limited to sell 22,79,410 equity shares representing 54.90% stake in Rashtriya Metal Industries Limited, a material subsidiary, for a Purchase Consideration of INR 310.17 Crores. The transaction is expected to be completed by 31st March 2026.
Key Highlights
- SPV Global Trading Ltd to sell 54.90% stake in Rashtriya Metal Industries Ltd to Gravita India Limited
- Transaction value is INR 310.17 Crores (Indian Rupees Three Hundred Ten Crore and Seventeen Lakhs)
- The sale is expected to be completed by 31st March 2026
- Gravita India Limited is not part of the promoter/promoter group/group companies
- The transaction does not fall under related party transactions