
Divestment9 Nov 2026, 05:30 pm
Olectra Greentech Sells Entire Stake in Associate Evey Trans (UJJ) for ₹34,000
AI Summary
Olectra Greentech Limited announced the sale of its entire 34% equity stake in its associate company, Evey Trans (UJJ) Private Limited, to Evey Trans Private Limited for an aggregate consideration of ₹34,000. The transaction is considered a related party transaction as both entities are under the common control of MEIL Holdings Limited. The sale is expected to be completed within the next three months. The Board of Directors also approved the un-audited financial results for the second quarter and half year ended September 30, 2026, along with the limited review reports from the statutory auditors.
Key Highlights
- Olectra Greentech divests its entire 34% stake in associate Evey Trans (UJJ).
- Sale consideration amounts to ₹34,000.
- Transaction is classified as a related party deal.
- Disinvestment is expected to conclude within three months.
- Board also approved Q2 FY27 unaudited financial results.
Price Impact
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