Kridhan Infra (KIL) has completed the acquisition of 31.5% stake in Vijay Nirman Company (VNC). The company has allotted 76,79,662 equity shares to the institutional shareholders of VNC on preferential basis. After this acquisition, VNC has become an associate company of KIL as per Companies Act, 2013. The company had also signed a Share Subscription Agreement (SSA) for increasing its stake to 50.5% and the process is on to complete that transaction.
Kridhan Infra is an ISO 9001:2008 certified infrastructure solutions company. Established in 2006 with headquarters in Mumbai, Kridhan Infra is one of the pioneers in introducing the concept of ready to use steel for the construction industry in the country.
Company Name | CMP |
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JSW Steel | 902.90 |
Tata Steel | 174.20 |
SAIL | 162.40 |
Jindal Stainless | 711.00 |
Jindal Saw | 550.20 |
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