Divestment30 May 2026, 04:52 pm
Asian Granito Divests Stakes in AGL Proteins & Allomex Steel
AI Summary
Asian Granito India Ltd has divested its entire 26% equity stake in AGL Proteins Private Limited and Allomex Steel Private Limited to AGL Industries Limited, a wholly-owned subsidiary. AGL Proteins' turnover was ₹32.11 Cr (1.73% of total) and net worth was ₹0.25 Cr. Allomex Steel's turnover and net worth were both ₹0. The sale consideration for AGL Proteins was ₹6,63,000 and for Allomex Steel was ₹26,000. The transactions are related party transactions and conducted at arm's length based on a valuation report.
Key Highlights
- Asian Granito sells 26% stake in AGL Proteins to AGL Industries for ₹6,63,000.
- Company divests 26% stake in Allomex Steel to AGL Industries for ₹26,000.
- AGL Proteins' turnover was ₹32.11 Cr (1.73%) and net worth ₹0.25 Cr.
- Allomex Steel's turnover and net worth were both ₹0.
- Transactions are related party and at arm's length.
Price Impact
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