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Vipul enters into agreement to disinvest 51% stake in subsidiary company

03 Mar 2021 Evaluate

Vipul has entered into an agreement to disinvest its 51% stake in Vipul Lavanya Developers, a subsidiary of the Company. Upon completion of the transaction, Vipul Lavanya Developers will cease to be subsidiary of the Company. The company has received consideration from such sale/ disposal is Rs 22,185,000.

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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