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Vipul inks pact to disinvest 49% stake in Vipul Lavanya Developers

28 Nov 2020 Evaluate

Vipul has entered into an agreement to disinvest its 49% stake in Vipul Lavanya Developers, a wholly owned subsidiary of the company. Upon completion of the transaction, Vipul Lavanya Developers will cease to be wholly owned subsidiary of the company. The consideration received from such sale/ disposal is Rs 2.13 crore. 

Vipul is engaged in the construction of Integrated Townships, Villas and Commercial Projects.

Peers
Company Name CMP
Lodha Developers 1109.05
Prestige EstatesProj 1434.40
Dilip Buildcon 409.70
DLF 653.90
Oberoi Realty 1734.10
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