Stanrose Mafatlal Investments & Finance has agreed to acquire entire equity shareholding in Stan Plaza from Standard Industries on arm’s length basis. The completion of purchase of equity shares of Stan Plaza is subject to the terms and conditions specified in the Share Purchase Agreement.
This step has been taken pursuant to a Share Purchase Agreement executed on March 13, 2015 between the company, Standard Industries (a company under Promoter Group) and Stan Plaza (one of the wholly owned and non-material subsidiary of Standard Industries).
Stanrose Mafatlal Investments & Finance is an India-based company. The company is engaged in the business of inter-corporate investments, capital market activities and financing.
