Kridhan Infra (KIL) has acquired an additional 4.61% stake in Vijay Nirman Company (VNC). As a part of this transaction, VNC has allotted 14,99,475 fresh equity shares to KIL. Post this transaction, KIL holding in Vijay Nirman has increased to 41.47%.
Last year in December, the company had signed a Share Subscription Agreement (SSA) to significantly enhance its strategic stake in VNC and this transaction is a part of that agreement.
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.
