Vipul Limited — Important, 24-01-2025: Diversification/Disinvestment

Vipul Limited has announced a board meeting on January 24, 2025, to finalize the sale of its 33.33% stake in Mudra Finance Limited. The company will receive ₹3.1 crore from this transaction, with the completion expected on the same day. Mudra Finance will cease to be an associate of Vipul following this divestment, which contributed a profit of ₹0.096 crore last financial year. This move reflects Vipul's strategy to streamline operations and could positively influence investor sentiment by indicating a focus on core business areas.