IndiaNivesh to Sell Wholly Owned Subsidiary IndiaNivesh Commodities

IndiaNivesh Ltd's Board of Directors has approved the sale of its entire 100% equity stake in its wholly-owned subsidiary, IndiaNivesh Commodities Private Limited (INCPL). The transaction is subject to shareholder approval. The subsidiary contributed negligible revenue but had a net worth of INR 387.02 Lakhs in the last financial year. Specific sale terms, including consideration and purchaser identity, are yet to be finalized, with the Board authorized to determine these details. The meeting also saw the re-appointment of Mr. Rajesh Nuwal as Managing Director and Mr. Kaushik Jashwantlal Shah as a Non-Executive Director, both subject to shareholder approval.