Deals28 Oct 2026, 06:30 pm
Vraj Iron completes ₹4.55 Cr investment transfer
AI Summary
Vraj Iron and Steel Ltd has completed the transfer of its investment in MVK Industries Private Limited to Gopal Sponge and Power Private Limited. The company sold 396,000 equity shares at ₹115 per share, totaling ₹4,55,40,000 (₹4.55 Crore). This transaction follows a previous intimation dated September 28, 2026, and marks the completion of the divestment of this stake to the promoter and holding company.
Key Highlights
- Investment transfer in MVK Industries Private Limited completed.
- 396,000 equity shares sold at ₹115 per share.
- Total consideration received is ₹4.55 Crore.
- Transaction is with Promoter and Holding Company, Gopal Sponge and Power Private Limited.
Price Impact
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