
Investment18 Feb 2026, 05:24 pm
Vipul Limited to Disinvest 50% Stake in Associate Company High Class Projects Limited
AI Summary
Vipul Limited has entered into a definitive agreement on February 18, 2026 for the sale of 50% of its equity and preference shareholding in its associate company, M/s. High Class Projects Limited, to M/s Expertpro Realty Private Limited. The transaction is expected to be completed on the same date, with a consideration of Rs. 4,37,50,000. High Class Projects Limited will cease to be an associate of Vipul Limited upon completion of the transaction.
Key Highlights
- Vipul Limited to sell 50% stake in associate company High Class Projects Limited to Expertpro Realty Private Limited
- Transaction amount: Rs. 4,37,50,000
- Expected completion date: February 18, 2026
- High Class Projects Limited will cease to be an associate of Vipul Limited post-completion
- No related party transactions involved