Mukand has received an approval for the proposal of divestment of 100% equity stake/investment, comprising of 1,19,76,756 equity shares of Vidyavihar Containers (VCL) to Sidya Investments, a Promoter group entity for an aggregate consideration of Rs 1.20 crore. Post the Proposed Transaction, VCL will cease to be a subsidiary of the Company. The Board of Directors of the company at its meeting held on March 17, 2021, has considered and approved the same.
Mukand is a multi-division, multi-product conglomerate involved in the manufacture of specialty steel long products and heavy machinery.
