Divestment9 Jul 2026, 05:00 pm
Oricon Enterprises Sells Entire Stake in Oriental Containers Ltd
AI Summary
Oricon Enterprises Limited has divested its entire equity shareholding in Oriental Containers Limited, a non-material subsidiary. The transaction was completed on July 8, 2026, with Oriental Containers Limited ceasing to be a subsidiary. The sale consideration amounted to ₹3,99,950. The buyers include several individuals and Venkatesh Karriers Limited, all belonging to the promoter and promoter group, except for two individuals. The transaction is classified as a related party transaction conducted at arm's length. Oriental Containers Limited reported NIL revenue and a net worth of ₹3,37,677 for the last financial year ending March 31, 2026.
Key Highlights
- Oricon Enterprises divested its entire stake in subsidiary Oriental Containers.
- Sale consideration received was ₹3,99,950.
- Transaction involved related parties and was at arm's length.
- Oriental Containers is no longer a subsidiary of Oricon Enterprises.
Price Impact
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