Remsons Industries Sells Stake in JV for ₹5.2 Lakhs
Remsons Industries Limited announced the approval by its Board of Directors to sell its investment and exit the joint venture arrangement in Aircom Remsons Automotive Private Limited (ARAPL). The transaction involves the sale of 52,000 equity shares at a face value of ₹10 each, for a cash consideration of ₹5,20,000/-. The buyer is Aircom Group India Private Limited. This divestment is not expected to adversely impact the company's operations. The agreement for sale was entered into on October 1, 2026, with completion anticipated by October 31, 2026, subject to fulfillment of conditions precedent.
Key Highlights
- Board approved sale of investment in Aircom Remsons Automotive Private Limited.
- Exit from joint venture arrangement with Aircom Group AG.
- Sale of 52,000 equity shares for ₹5,20,000/-.
- Transaction expected to complete by October 31, 2026.
- No adverse impact expected on company operations.
Price Impact
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