The share value of Vipul Restricted dropped greater than 5 % throughout Friday’s buying and selling session following the corporate’s announcement of elevating ₹3,10,00,000 by divesting 33.33 % stake in Mudra Finance.
In keeping with the trade submitting, the corporate entered into the settlement on January 9 and the anticipated date of completion is January 24.
“That is to tell you that the Firm has entered into an settlement to disinvest its 33.33% stake in M/s. Mudra Finance Restricted, an affiliate of the Firm. Upon completion of the transaction, M/s. Mudra Finance Restricted, an affiliate of the Firm will stop to be affiliate of the Firm,” the corporate stated within the submitting.
