Deals6 Aug 2025, 06:51 pm
Jindal Worldwide Ltd. Sells 51% Stake in Goodcore Spintex Private Limited for Rs. 12,75,00,000
AI Summary
Jindal Worldwide Ltd. has executed a Share Transfer Deed for the sale of 51% stake in its wholly-owned subsidiary, Goodcore Spintex Private Limited. The transaction was completed on Wednesday, 06th August 2025, for a consideration of Rs. 12,75,00,000. The buyer, Mr. Yamunadutt Amilal Agarwal, is a promoter of the company. This sale results in Goodcore Spintex Private Limited ceasing to be a wholly-owned subsidiary of Jindal Worldwide Ltd.
Key Highlights
- Sale of 51% stake in wholly-owned subsidiary, Goodcore Spintex Private Limited
- Transaction value: Rs. 12,75,00,000
- Buyer is a promoter of the company, Mr. Yamunadutt Amilal Agarwal
- Goodcore Spintex Private Limited ceases to be a wholly-owned subsidiary
- Transaction done at arm's length as a related party transaction