Mafatlal Industries has completed all the formalities of divestment and has transferred 4,50,000 equity shares of Rs 10 each of Vrata Tech Solution (VTSPL) to Sumil Trading (a promoter group entity) at a fair value of Rs 90.55 per equity share, for an aggregate consideration of Rs 4.07 crore. The fair value of equity shares has been decided on the basis of valuation report of independent Registered Valuer. After this transaction VTSPL is not a subsidiary of the Company.
Mafatlal Industries is Indian conglomerate having interests in the diverse fields of Textiles, Rubber Chemicals, Information Technology, Real Estate, E-commerce, and Healthcare.
