Acquisitions8 Sept 2026, 04:50 pm
Virat Industries to acquire 70.28% of BWLCPL for ₹95 Cr
AI Summary
Virat Industries Ltd has announced an Extra-Ordinary General Meeting (EGM) scheduled for October 1, 2026, to approve a material related party transaction. The company plans to acquire 70.28% equity shares of Brham Well-Being & Lifestyle Corporation Private Limited (BWLCPL) through a preferential issue. The acquisition involves subscribing to 3,51,85,185 equity shares at ₹27 per share, totaling approximately ₹95 Crores. The EGM will be conducted via Video Conferencing/Other Audio-Visual Means, with e-voting commencing on September 28, 2026, and ending on September 30, 2026. The Board of Directors is authorized to finalize terms and obtain necessary approvals.
Key Highlights
- EGM scheduled for October 1, 2026, to approve acquisition.
- Acquisition of 70.28% stake in BWLCPL for ₹95 Crores.
- Transaction involves preferential issue of equity shares.
- EGM and e-voting to be conducted via virtual means.
- Approval sought for material related party transaction.
Price Impact
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