Sale30 Jun 2026, 06:10 pm
Craftsman Automation Completes ₹28 Cr Asset Sale by Subsidiary
AI Summary
Craftsman Automation Ltd announced the completion of the second tranche of asset sale by its wholly-owned subsidiary, Sunbeam Lightweighting Solutions Limited, to SPR Auto Technologies Limited. The transaction, related to the Piston Manufacturing Business, involved the sale of plant and machinery. The aggregate consideration for the entire transaction is ₹28 Crores, exclusive of GST. The first tranche was completed on December 31, 2025, for ₹10 Crores, and the second tranche on June 30, 2026, for ₹18 Crores. SPR Auto Technologies is not a related party to Craftsman Automation.
Key Highlights
- Subsidiary completes sale of piston manufacturing assets.
- Total consideration received is ₹28 Crores, exclusive of GST.
- Transaction involved two tranches completed on Dec 31, 2025, and June 30, 2026.
- Buyer SPR Auto Technologies is not a related party.
Price Impact
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