Sale1 Dec 2025, 06:01 pm
Keerthi Industries Ltd Completes Slump Sale of Electronics Division to Hyderabad Bottling Co. Private Limited for INR 36 Crore
AI Summary
Keerthi Industries Ltd has completed the sale and transfer of its Electronics Division to Hyderabad Bottling Co. Private Limited for a consideration of INR 36 Crore, as per the Slump Sale Agreement entered into on 29th May, 2025. The proceeds from the sale will be used for repayment of bank facilities and unsecured loans. The Electronics Business contributed 19.87% to the total income of the Company in FY 2024-25. The transaction is considered as an 'arm's length' related party transaction, as the buyer and seller have joint control.
Key Highlights
- Keerthi Industries Ltd completes the sale and transfer of its Electronics Division to Hyderabad Bottling Co. Private Limited for INR 36 Crore.
- The Electronics Business contributed 19.87% to the total income of the Company in FY 2024-25.
- The proceeds from the sale will be used for repayment of bank facilities and unsecured loans.
- The transaction is considered as an 'arm's length' related party transaction.
- The sale of the Electronics Business is being undertaken on Arm's length basis as per the Independent Valuation Report dated 29th May, 2025.