Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 we hereby submit the intimation towards the execution of Share Purchase Agreement with Gravita India Limited for sale of equity ....
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SPV Global Trading has signed a Share Purchase Agreement with Gravita India Limited to sell its entire 54.90% stake (22,79,410 equity shares) in its material subsidiary Rashtriya Metal Industries Limited for about INR 310.17 Crores. Rashtriya Metal contributed INR 910 Crores in turnover and INR 300 Crores in net worth to SPV Global's consolidated FY25 numbers, making it a significant business asset. Gravita India is an unrelated third-party buyer, and the deal is not a related-party transaction. The transaction is expected to close by 31st March 2026, and shareholders had already approved the disposal via a special resolution on 6th February 2026 under Regulation 37A of LODR.
This is a major divestment that effectively exits SPV Global from its operating business, leaving it primarily as a cash-shell holding company with the INR 310 Crore inflow. The deal could be materially value-accretive per share depending on how the proceeds are deployed, but also leaves the company without its main revenue-generating subsidiary going forward.