Deals18 Sept 2025, 02:16 pm
Autoline Industries Ltd Amends Share Purchase Agreement with MNSC Realty & Developers Pvt. Ltd
AI Summary
Autoline Industries Ltd and its wholly owned subsidiary, Autoline Design Software Ltd (ADSL), have entered into a Definitive Agreement (SPA) with MNSC Realty & Developers Pvt. Ltd on August 8, 2023, for selling their entire stakes of 44.78% held in Autoline Industrial Parks Limited (AIPL). The parties have further agreed to modify certain terms and conditions of payment through a Supplemental Agreement on September 18, 2025. AIPL is no longer a material subsidiary of the Company and has a net worth of INR 1,15,83,82,301 as of March 31, 2025. The Company and ADSL have received a portion of the total consideration of INR 98,50,00,000 and INR 3,33,37,009 respectively.
Key Highlights
- Autoline Industries Ltd and ADSL have amended the Share Purchase Agreement with MNSC Realty & Developers Pvt. Ltd.
- The amendment modifies certain terms and conditions of payment for the stake sale in AIPL.
- AIPL is no longer a material subsidiary of Autoline Industries Ltd.
- AIPL had a net worth of INR 1,15,83,82,301 as of March 31, 2025.
- The Company and ADSL have received a portion of the total consideration for the stake sale.