Acquisitions16 Oct 2025, 06:04 pm
VR Woodart Ltd to Acquire 100% Stake in Nidimo Mont & Parent Mont for INR 3.2 Cr
AI Summary
VR Woodart Ltd has approved and entered into a Share Purchase Agreement with Mrs. Minal Patil & Ms. Mounika Maddukuri to acquire 100% stake in M/s. Nidimo Mont Private Limited & M/s. Parent Mont International Private Limited for a total consideration of INR 3.2 Cr. The acquisition will result in Nidimo Mont & Parent Mont becoming wholly owned subsidiaries of VR Woodart Ltd. The acquisition is part of the Company’s strategy to ensure continuous supply of stainless steel & alloys at market driven rates and gain a competitive advantage in stainless steel & alloy market.
Key Highlights
- VR Woodart Ltd to acquire 100% stake in Nidimo Mont & Parent Mont for INR 3.2 Cr
- Acquisition to result in Nidimo Mont & Parent Mont becoming wholly owned subsidiaries of VR Woodart Ltd
- Acquisition is part of VR Woodart Ltd’s strategy to ensure continuous supply of stainless steel & alloys at market driven rates
- Acquisition aims to gain a competitive advantage in stainless steel & alloy market
- Nidimo Mont & Parent Mont are engaged in the business of Trading, import & export in all types of stainless-steel products & alloys