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Mukand gets nod to divest 100% stake in Vidyavihar Containers

18 Mar 2021 Evaluate

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.

Peers
Company Name CMP
JSW Steel 1215.70
Tata Steel 175.60
Steel Authority 171.25
Jindal Stainless 736.25
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