Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 and schedule III Part A (1) thereof, we wish to inform you that the Board of Directors of SPV Global Trading Limited ('the Company') ....
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Awaiting price reaction for this filing.
The Board of SPV Global Trading has approved the sale of its entire 54.90% stake (22,79,410 equity shares) in its material subsidiary, Rashtriya Metal Industries Limited, to a yet-to-be-identified buyer. The minimum per-share price has been fixed at ₹1,325, translating to a minimum total consideration of approximately ₹302 crores. Importantly, this subsidiary contributed 97.36% of the company's consolidated revenue (₹88,595 lakhs) and 98.55% of its net worth (₹29,748 lakhs) in FY25, making it the core revenue-generating asset. The buyer will not be a promoter, promoter group entity, or related party. The deal is targeted for completion by 30th June 2026, subject to shareholder approval, due diligence, and execution of definitive agreements.
Since the subsidiary accounts for nearly all of SPV Global Trading's revenue and net worth, this is effectively a sale of the company's core business. Shareholders should watch the final negotiated price, the identity of the buyer, and how management plans to deploy the ₹302+ crore cash inflow — the stock could see sharp moves on these updates.