IVG Trust Acquires Indirect Stake in Vadilal Industries

IVG Trust has indirectly acquired equity shares of Vadilal Industries Limited (TC) through a SEBI Exemption Order. The acquisition involved obtaining stakes in promoter group entities: Vadilal International Private Limited (33.33% of VIPL), Vadilal Finance Company Private Limited (30.23% of VFCPL), and Veronica Constructions Private Limited (30.41% of Veronica). Despite these acquisitions, the aggregate promoter and promoter group shareholding in Vadilal Industries Limited remains unchanged. The total equity share capital of Vadilal Industries Limited is Rs. 7,18,78,300, comprising 71,87,830 equity shares of Rs. 10 each, with no change post-acquisition.