Sale9 Feb 2026, 09:32 pm
SPV Global Trading to Sell 54.90% Stake in Subsidiary Rashtriya Metal Industries for INR 310.17 Crores
AI Summary
SPV Global Trading Ltd. has approved the sale of 22,79,410 equity shares representing 54.90% stake in its material subsidiary, Rashtriya Metal Industries Limited, to Gravita India Limited for a purchase consideration of approximately INR 310.17 Crores. The sale is subject to adjustments required, if any, pursuant to due diligence and customary closing conditions.
Key Highlights
- SPV Global Trading to sell 54.90% stake in Rashtriya Metal Industries Limited
- Purchase Consideration of ~ INR 310.17 Crores
- Transaction subject to due diligence and customary closing conditions
- Rashtriya Metal Industries contributed 97.36% to the turnover and 98.55% to the net worth of SPV Global Trading in the last financial year