Vipul Limited has informed the Exchange regarding 'DIVERSIFIACATION/DISINVESTMENT'.
VIPULLTD · price
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Awaiting price reaction for this filing.
Vipul Limited has signed a definitive agreement on June 20, 2025 to sell 50% of its equity and preference shareholding in wholly owned subsidiary High Class Projects Limited to Expertpro Realty Private Limited, an unrelated party. The deal is valued at Rs. 4.375 crores and is expected to close by July 31, 2025. After completion, High Class Projects will no longer be a subsidiary but will become an associate company of Vipul. The subsidiary contributed Rs. 337.04 lakhs in revenue but also reported a loss of Rs. 338.08 lakhs in the last financial year, essentially a break-even performance with a slight loss.
For shareholders, this is a minor divestment that removes a loss-making subsidiary from Vipul's books and brings in a small cash inflow of Rs. 4.375 crores. The financial impact is limited given the small size of the subsidiary, but it streamlines the group structure by converting a wholly owned unit into a 50% associate. Unlikely to materially move the stock price.