Mukand Limited
Code: MUKANDLTD | Category: Demerger
Type: Scheme of Arrangement
Event Details
| Announcement Date: | April 30, 2025 |
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Demerger Information
| Resulting Entity: | Mukand Limited |
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| Demerged Business: | Stainless Steel Cold Finished Bars And Wires Undertaking, involved in manufacturing and selling of stainless steel cold finished bars and wires. |
| Remaining Business: | Wholly Owned Subsidiary of the Resulting Company. |
| Appointed Date: | 2024-04-01 |
| Board Approval: | 2024-02-07 |
| NCLT Approval: | 2025-04-29 |
| Valuation: | ₹655.23 Crores |
| Status: | Nclt_approved |
Rationale
As part of an overall strategy for the optimum running, value creation, growth and development of the business of the Demerged Company.
Document
View PDF https://nsearchives.nseindia.com/corporate/MUKANDLTD_30042025103325_Intimation_Reg_30_NCLT_Order.pdfDocument
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