Mukand Ltd. Completes Slump Sale of Industrial Machinery Business
Mukand Ltd. announced the completion of a slump sale of a portion of its Industrial Machinery Business to Mukand Heavy Engineering Limited (MHEL), a wholly-owned subsidiary, as of March 31, 2026. The transferred business includes designing, manufacturing, erecting, and commissioning EOT Cranes, other materials handling equipment, and process plant equipment.The transaction, initially announced on May 16, 2025, and October 18, 2025, involved a purchase consideration of Rs 45.78 Crs. This was discharged through the allotment of 26,347 fully paid-up equity shares by MHEL.
Financial Details of the Transaction
| Detail | Amount (Rs Crs) |
|---|---|
| Purchase Consideration | 45.78 |
| Shares Issued | 26,347 |
The completion date for the slump sale was March 31, 2026. Additional details related to the transaction were previously disclosed on May 16, 2025, and October 18, 2025.
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