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Vipul informs about outcome of board meeting

24 Jan 2025 Evaluate
Vipul has informed that the Company has entered into an agreement to disinvest its 33.33% stake in Mudra Finance, an associate of the Company. Upon completion of the transaction, Mudra Finance, an associate of the Company will cease to be associate of the Company. The relevant disclosure required as per Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, in terms of Acquisition(s) (including agreement to acquire), Scheme of Arrangement (amalgamation/ merger/ demerger/restructuring), sale or disposal of any unit(s), division(s), whole or substantially the whole of the undertaking(s) or subsidiary of the listed entity, sale of stake in the associate company of the listed entity or any other restructuring are as follows: Sale or disposal of unit(s) or division(s), whole or substantially the whole of the undertaking(s) or subsidiary of the listed entity, sale of stake in the associate company of the listed entity: the amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division or undertaking or subsidiary or associate company of the listed entity during the last financial year: NIL. The amount of profit contributed by such associate company of the listed entity during the last financial year: Rs 9,63,182;  date on which the agreement for sale has been entered into: January 09, 2025;  the expected date of completion of sale/disposal: January 24, 2025; consideration received from such sale/disposal: Rs 3,10,00,000;  brief details of buyers and whether any of the buyers belong to the promoter/ promoter group/group companies. If yes, details thereof: Mudra Finance, doesn’t belongs to promoter/ promoter group/ group companies of Vipul; whether the transaction would fall within related party transactions; If yes, whether the same is done at ‘arm’s length’: Yes.

The above information is a part of company’s filings submitted to BSE.

Vipul Share Price

10.54 0.29 (2.83%)
22-Apr-2026 10:17 View Price Chart
Peers
Company Name CMP
Lodha Developers 886.25
Dilip Buildcon 453.30
DLF 607.60
Oberoi Realty 1742.00
Ahluwalia Contract(I 874.30
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