ALFA Filings
Every announcement, straight from the exchange
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
Announcement type
Time
2 announcements with these filters
Kiran Vyapar Limited acquired a 27.73% stake in Maharaja Shree Umaid Mills Limited (MSUM) following MSUM's merger with Placid Limited. The acquisition was executed via a share swap ratio of 515:1. MSUM, a textile and renewable energy firm, will now be classified as an associate company of Kiran Vyapar.
Kiran Vyapar Ltd's associate Placid Limited has merged with Maharaja Shree Umaid Mills Limited (MSUM) effective April 25, 2026. Consequently, Placid Limited ceases to exist, and Kiran Vyapar will receive 515 MSUM shares for every 1 share held in Placid. The transaction was executed at arm's length following NCLT approval.