Vaibhav Global Ltd to acquire balance stake in Vaibhav Lifestyle Ltd

Vaibhav Global Ltd vide agreement dated 31st March, 2022 has agreed to acquire 15,00,000 equity shares from existing shareholders of Vaibhav Lifestyle Limited and out of which 14,99,999 shares has been acquired / transferred on 31st March, 2022.

Consequent to the acquisition and upon completion of transfer of remining share, Vaibhav Lifestyle Limited, shall become wholly owned subsidiary of the Company.

The entity was already 75% subsidiary of the Company. Upon completion of said acquisition, it shall become wholly owned subsidiary of the Company.

The Company is carrying business of manufacturing, trading of all kinds textile / garments articles.

Source : Equity Bulls

Keywords

VaibhavGlobal StakeAcquisition VaibhavLifestyle WhollyOwnedSubsidiary