Acquisitions4 Apr 2026, 05:31 pm
Standard Capital Markets Ltd to Divest 100% Equity Stake in KRV Brooms Private Limited
AI Summary
Standard Capital Markets Ltd has executed a Share Purchase Agreement (SPA) on April 04, 2026, for the divestment of its 100% equity stake in KRV Brooms Private Limited, a wholly owned subsidiary of the company. The divestment is subject to the fulfilment of certain pre-closing obligations and conditions precedent as agreed between the parties.
Key Highlights
- Standard Capital Markets Ltd is planning to divest its 100% equity stake in KRV Brooms Private Limited.
- The divestment is executed through a Share Purchase Agreement (SPA).
- KRV Brooms Private Limited is a wholly owned subsidiary of Standard Capital Markets Ltd.
- The divestment is subject to certain pre-closing obligations and conditions precedent.