Pursuant to Regulation 30 read with Clause 5A of para A of part A of Schedule III and other applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kranti Industries is selling part of its stake in its subsidiary, Preciso Metall Private Limited (PMPL). The Board had earlier approved disinvestment of up to 10,00,000 equity shares (15.22% of PMPL's paid-up capital). The company has now signed Share Purchase Agreements with two buyers — Mr. Sunil Rameshlal Gadiya and Mr. Kunal Vijay Vora — for 4,00,000 shares each (6.09% stake each) at ₹10 per share through an off-market transfer. Total shares being transferred in this deal: 8,00,000 (12.18% of PMPL), for a combined consideration of ₹80 lakhs. The buyers are not related to the promoters and no special rights (like board seats) are being granted. Remaining shares (up to ~3.04% more) may be sold later as part of the broader 15.22% disinvestment plan.
This is a small-value subsidiary stake sale (₹80 lakhs) and is unlikely to move the stock materially, but it signals a step in restructuring or reducing exposure in the subsidiary. Shareholders should watch for any further stake sale announcements or updates on the use of sale proceeds.