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.