Vipul Limited has informed the Exchange about Diversification/Disinvestment
VIPULLTD · price
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Vipul Limited has agreed to sell its entire 50% stake in its associate company, Choice Real Estate Developers Pvt Ltd, for a total consideration of Rs. 2 crore. The share purchase agreement was signed on June 20, 2025, and the deal is expected to close once the conditions in the agreement are met. The associate company contributed NIL to the company's turnover in the last financial year, though it reported a small profit of about Rs. 14.33 lakhs. The buyers are not part of the promoter/promoter group, and the transaction is not a related party deal.
This is a minor, non-core divestment that monetises a non-revenue contributing associate for Rs. 2 crore. It is unlikely to have a material impact on the company's financials or stock price, as the associate contributed nothing to top-line revenue. Shareholders should view this as routine portfolio rebalancing rather than a strategic shift.