StockWatch
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Garments & Apparels
Acquisitions13 Aug 2026, 07:41 pm

Virat Industries to Acquire 70.28% Stake in Brahm Lifestyle Products

AI Summary

Virat Industries Limited's Board of Directors has approved a proposal to acquire a 70.28% equity stake in Brahm Lifestyle Products Private Limited. This acquisition is considered a Related Party Transaction as Brahm Lifestyle Products belongs to the Promoter Group. The transaction is subject to necessary statutory, regulatory, and other approvals. The Board also approved the standalone un-audited financial results for the quarter ended June 30, 2026, and a Policy for Determining Material Subsidiaries. The meeting was held on August 13, 2026.

Key Highlights

  • Board approves acquisition of 70.28% stake in Brahm Lifestyle Products.
  • Acquisition is a Related Party Transaction, subject to approvals.
  • Standalone un-audited financial results for Q1 FY27 approved.
  • Policy for Determining Material Subsidiaries adopted.