Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 we hereby submit the intimation towards the Binding Term Sheet that Company has executed with Gravita India Limited for sale of ....
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SPV Global Trading Ltd has signed a Binding Term Sheet to sell its entire 54.90% stake (22,79,410 equity shares) in its material subsidiary Rashtriya Metal Industries Ltd (RMIL) to Gravita India Ltd for approximately INR 310.17 Crores. RMIL is the company's core asset, contributing 97.36% of consolidated turnover (INR 885.95 Cr) and 98.55% of consolidated net worth (INR 297.48 Cr) for FY25. The transaction is expected to close on or before 31st March 2026, and the company has already obtained shareholder approval via a special resolution on 6th February 2026. The buyer, Gravita India Ltd, is an independent third party and not related to the promoter group.
This is a near-complete exit from SPV Global's operating business, as the subsidiary being sold accounts for almost all of the company's revenue and net worth. Shareholders should expect a significant cash inflow of ~INR 310 Cr, which may be used for dividends, buybacks, or new ventures. The stock may see re-rating as the company transforms into essentially a cash shell, though definitive transaction documents are still pending.