Acquisitions30 Mar 2026, 03:47 pm
Gopal Sponge and Power Private Limited Acquires 16.84% Stake in Vraj Iron and Steel Limited from VA Transport Private Limited via Merger
AI Summary
Gopal Sponge and Power Private Limited, a member of the Promoter Group of Vraj Iron and Steel Limited, has acquired 16.84% stake in Vraj Iron and Steel Limited from VA Transport Private Limited. This acquisition took place pursuant to the Scheme of Merger sanctioned by the Hon'ble Regional Director, South East Region Directorate Hyderabad vide Order dated 15th March, 2026. The entire investment of VA Transport Private Limited in Vraj Iron and Steel Limited has been transferred to Gopal Sponge and Power Private Limited, effective from 27th October, 2026.
Key Highlights
- Gopal Sponge and Power Private Limited, a member of the Promoter Group, has acquired 16.84% stake in Vraj Iron and Steel Limited from VA Transport Private Limited.
- The acquisition took place pursuant to a Scheme of Merger sanctioned by the Hon'ble Regional Director, South East Region Directorate Hyderabad vide Order dated 15th March, 2026.
- The entire investment of VA Transport Private Limited in Vraj Iron and Steel Limited has been transferred to Gopal Sponge and Power Private Limited.
- This acquisition is expected to strengthen Gopal Sponge and Power Private Limited's position in the steel industry.
- The transaction was completed on 27th October, 2026.