ImportantCompany Update
Virat Industries has issued a revised link for its upcoming virtual meeting with analysts and investors, enclosing a presentation on a new strategic investment.
Virat Industries Ltd530521 · Filed with the exchange
The company plans to acquire a 70.28% controlling stake in Brahm LifeStyle Products Private Limited (BLPPL) for 95 Crore, funded by its own preferential share issue.
This move diversifies Virat's portfolio into BLPPL's Well-Being and LifeStyle verticals, aiming for business growth and acquisitions.
BLPPL, a related party, includes diverse businesses like Fresh By Brham and Skill By Brham, benefiting from the growth capital.
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