
Deals4 Aug 2025, 12:33 pm
Advait Energy Transitions Extends Timeline for Sale of Subsidiaries' Stake
AI Summary
Advait Energy Transitions Ltd. has updated the timeline for the sale of 100% stake in its two wholly owned subsidiaries, A&G Hydrogen Technologies Private Limited and Advaiteco Technologies Private Limited, to its subsidiary, Advait Greenergy Private Limited. The sale of 10,000 equity shares of A&G Hydrogen Technologies Private Limited, with a face value of INR 10/-, at INR 710/- per share, and 10,000 equity shares of Advaiteco Technologies Private Limited, with a face value of INR 10/-, at INR 10/- per share, was initially expected to be completed by August 4, 2025. However, due to ongoing procedural formalities, the timeline has been extended to December 3, 2025.
Key Highlights
- Advait Energy Transitions Ltd. is selling a 100% stake in A&G Hydrogen Technologies Private Limited and Advaiteco Technologies Private Limited to Advait Greenergy Private Limited.
- The sale includes 10,000 equity shares of A&G Hydrogen Technologies Private Limited at INR 710/- per share and 10,000 equity shares of Advaiteco Technologies Private Limited at INR 10/- per share.
- The initial completion date was August 4, 2025, but it has been extended to December 3, 2025 due to ongoing procedural formalities.