Business Update1 Oct 2024, 10:59 pm
Vaswani Industries Disinvests 25% Stake in C.G.Ispat for INR 3,33,15,400
AI Summary
Vaswani Industries Limited has disinvested its 25% holding (16,65,770 Equity Shares) in C.G.Ispat Private Limited pursuant to an offer of buy-back made by C.G.Ispat Private Limited. The transaction is completed and Vaswani Industries received INR 3,33,15,400 from the sale. C.G.Ispat Private Limited ceased to be an associate company of Vaswani Industries Limited as a result of this transaction.
Key Highlights
- Vaswani Industries disinvests 25% stake in C.G.Ispat
- Transaction completed with INR 3,33,15,400 received
- C.G.Ispat Private Limited ceased to be an associate company