Announced Wed, 8 Jul · 13:31 IST
Board approves proposal to sell entire undertaking
Price
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Price reaction · full curve 14 horizons · vs prior close
-7.0%1-day move
₹43.00
prior close
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base price
In-mkt
timing
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AI summary
The Board of Vamshi Rubber approved a proposal for substantial sale of its entire undertaking, citing continued decline in the retreading business due to structural and technological shifts in the tyre industry and non-viability of the existing manufacturing unit. The sale is subject to shareholder approval via Special Resolution. The Board appointed a Registered Valuer to determine fair value and an Advisor to identify counterparties. A Postal Ballot Notice was also approved.
Likely market impact
Existing business deemed unviable; sale may unlock value but depends on valuation and buyer interest. Subject to shareholder approval.