Gopal Sponge and Power Private Limited acquired 55,55,500 equity shares of Vraj Iron and Steel Limited through an internal promoter group merger. The off-market inter-se transfer follows a Scheme of Merger sanctioned by the Regional Director. This consolidation increases the acquirer's stake from 54.52% to 71.36% while maintaining aggregate promoter control.
Gopal Sponge and Power Private Limited acquired 55,55,500 shares (16.84% stake) in Vraj Iron and Steel Limited via an internal promoter-group merger. This off-market inter-se transfer follows the amalgamation of V A Transport Private Limited into the acquirer. The transaction consolidates the promoter group's holding without changing aggregate control.