Acquisitions11 Jul 2025, 06:41 pm
Manbro Industries Acquires 51% Stake in Shivam Pipes Industries
AI Summary
Manbro Industries Ltd has executed a Partnership Deed with Shivam Pipes Industries for the acquisition of 51% stake in the latter. This acquisition has resulted in Shivam Pipes Industries becoming a subsidiary of Manbro Industries. The necessary disclosures as required under Regulation 30, Schedule III of the SEBI Listing Regulations, and SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, were made on July 10, 2025.
Key Highlights
- Manbro Industries acquires 51% stake in Shivam Pipes Industries
- Shivam Pipes Industries becomes a subsidiary of Manbro Industries
- Partnership Deed executed on July 11, 2025
- Necessary disclosures made on July 10, 2025