Standard Capital Markets Ltd Executes Share Purchase Agreement for Subsidiary Stake
Standard Capital Markets Limited announced on April 4, 2026, the execution of a Share Purchase Agreement (SPA) concerning the divestment of its entire equity stake in KRV Brooms Private Limited. The transaction involves selling the 100% equity stake in KRV Brooms Private Limited, which is a wholly owned subsidiary of the company.The execution of the SPA took place on Saturday, April 4, 2026. The sale of the subsidiary's stake remains contingent upon the fulfillment of specific pre-closing obligations and conditions precedent agreed upon by the involved parties.
The company's update relates to the divestment of its subsidiary stake, providing clarity on the execution of the sale agreement.
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