MAFATLAL : ACQUIRES 20% STAKE IN SUBSIDIARY PSPL FOR RS 25 L

• Board approved buying 20,00,000 equity shares of Re 1 each, a 20% stake in Pieflowtech Solutions (PSPL), from an existing shareholder • Cash consideration of ₹25 L; Mafatlal's holding in PSPL rises from 60% to 80% • PSPL is in IT software services and consultancy, incorporated 18 October 2024, presence in India; FY26 revenue ₹3.31 Cr v ₹45 L in FY25 • Stated as a related party transaction, priced on an independent valuer report and intended at arm's length • Aims to strengthen the Digital Infrastructure segment and education-led technology capabilities

Mafatlal Industries Ltd-$

Open attachment

← Back to feed