Acquisitions30 Mar 2026, 02:24 pm
Gopal Sponge and Power Pvt Ltd Acquires 16.84% Stake in Vraj Iron and Steel Ltd Through Merger
AI Summary
Gopal Sponge and Power Pvt Ltd, a member of the Promoter Group of Vraj Iron and Steel Ltd, has acquired a 16.84% stake in Vraj Iron and Steel Ltd. This acquisition was made through the merger of Kirti Ispat Private Ltd, Utkal Ispat Private Ltd, and V A Transport Private Ltd with Gopal Sponge and Power Pvt Ltd. The merger resulted in the transfer of the entire investment (55,55,500 equity shares) of V A Transport Private Ltd in Vraj Iron and Steel Ltd to Gopal Sponge and Power Pvt Ltd. This acquisition is expected to have significant implications for both companies and their shareholders.
Key Highlights
- Gopal Sponge and Power Pvt Ltd, a member of the Promoter Group of Vraj Iron and Steel Ltd, has acquired a 16.84% stake in Vraj Iron and Steel Ltd.
- The acquisition was made through the merger of Kirti Ispat Private Ltd, Utkal Ispat Private Ltd, and V A Transport Private Ltd with Gopal Sponge and Power Pvt Ltd.
- The merger resulted in the transfer of the entire investment (55,55,500 equity shares) of V A Transport Private Ltd in Vraj Iron and Steel Ltd to Gopal Sponge and Power Pvt Ltd.
- This acquisition is expected to have significant implications for both companies and their shareholders.
- The transaction was carried out through an off-market inter-se transfer of equity shares of Vraj Iron and Steel Ltd among the members of Promoter group companies, pursuant to the merger.