Divestment22 Sept 2026, 05:00 pm
Prodocs approves new buyer for 19% stake divestment in Sevasarthi
AI Summary
Prodocs Solutions Ltd. announced a change in the buyer for its previously intimated sale of a 19% stake (1,900 shares) in Sevasarthi Info Solution Private Limited. The initial buyer, Mr. Mukesh Dhurvaji Meshram, failed to complete the transaction due to non-responsiveness. The Board of Directors, in a meeting held on September 22, 2026, approved Mr. Paresh Vishnuprasad Pathak as the new buyer. The company expects to finalize the transaction with the new buyer within one month, subject to necessary formalities. The new buyer is not related to the promoter or promoter group.
Key Highlights
- Prodocs approved new buyer for 19% stake divestment in Sevasarthi Info.
- Mr. Paresh Vishnuprasad Pathak is the new approved buyer.
- Previous buyer failed to complete transaction due to non-responsiveness.
- Transaction completion expected within one month from letter date.
- New buyer is independent of the company's promoter group.
Price Impact
More from PRODOCS