Advait Energy Transitions Sells Stakes in Subsidiaries, Approves ESOPs

Advait Energy Transitions Ltd announced a board decision to sell 80% stakes in Advait Battery Ecosystems Private Limited (ABEPL) and Advait Carbon Advisory & Renewables Assets Private Limited (ACARA) to its material subsidiary, Advait Greenergy Private Limited. The sale of each subsidiary involves 8,000 equity shares at ₹10 each, aggregating to ₹80,000 per subsidiary. This transaction will make ABEPL and ACARA step-down subsidiaries. Additionally, the board approved the grant of 7376 stock options under the Advait Employee Stock Option Plan 2022. The sale is expected to be completed by September 15, 2026.