Small-cap textile stock jumps 8% after THIS acquisition update. Details here | Stock Market News
Source: Live Mint
Stock Market Today: Small-cap textile stock Vishal Fabrics jumped 8% during the intraday trades on Monday after it announced this acquisition update. Details here
Vishal Fabrics acquisition update
On Monday, 28 April 2025, Vishal Fabrics announced a business update pertaining to an acquisition. The Vishal Fabrics said that it has acquired 528,100 Equity Shares of Nandan Industries Pvt Ltd. The equity shares of Nandan Industries have been acquired by Vishal Fabrics at price of Rs. 123 as per valuation report, amounting of Rs. 6,49,56,300 on dated 28th April, 2025 from shareholder of Nandan Industries Pvt Ltd.
Currently Vishal Fabrics Limited holds 23.17% Equity Share Capital of Nandan Industries Pvt Ltd and Nandan Industries Pvt Ltd is already an “Associate Company” of Vishal Fabrics Limited with effect from 29th March, 2024.
Pursuant to the announced transfer as per the company, Vishal Fabrics Ltd post transfer holds 35.41% of Equity Share Capital of Nandan Industries Pvt Ltd
