Divestment11 Nov 2026, 01:27 pm
Bajaj Hindusthan Sugar to sell Singapore subsidiary for USD 6.26M
AI Summary
Bajaj Hindusthan Sugar Limited announced the approval of the sale of its entire 100% shareholding in its wholly-owned subsidiary, Bajaj Hindusthan (Singapore) Private Limited (BH(S)PL), to Altaqat Management Consultancies Co LLC and Dejavu FZ LLC for a total consideration of USD 6,261,887. Following this divestment, BH(S)PL and its two step-down subsidiaries in Indonesia will cease to be subsidiaries of Bajaj Hindusthan Sugar Limited. The transaction is expected to be completed within 180 days. The buyers do not belong to the promoter or promoter group of the Company, and the transaction is not considered a related party transaction.
Key Highlights
- Company to divest its entire stake in Singapore subsidiary.
- Sale consideration is USD 6,261,887.
- Subsidiary and step-down subsidiaries will cease to be part of the group.
- Transaction expected to complete within 180 days.
- Buyers are not related to the promoter group.
Price Impact
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