- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Virat Industries announced a strategic investment of 395 Crore to acquire a 70.28% controlling stake in Brahm LifeStyle Products Private Limited (BLPPL), slated to be renamed Brham Well-Being & LifeStyle Corporation. This move, a related party transaction, diversifies Virat's portfolio into fast-growing lifestyle sectors, including fresh food, skill development, luxury products, spas, and cafes. The investment provides growth capital for BLPPL to expand existing businesses, establish new facilities, and pursue domestic or international acquisitions. This is intended to create long-term value for Virat's shareholders. The company has revised the link for its upcoming virtual investor meeting to discuss this.