Divestment22 Sept 2026, 07:10 pm
Rexnord Electronics Approves Disinvestment of Wholly Owned Subsidiary
AI Summary
Rexnord Electronics & Controls Ltd announced that its Board of Directors has approved the disinvestment of its entire holding in Rexnord Enterprise Private Limited (REPL), a wholly owned subsidiary. This decision follows previous communications regarding the disinvestment. The board meeting where this approval was granted took place on September 19, 2026, commencing at 4:30 PM and concluding at 6:00 PM. Further details, as required by SEBI regulations, will be provided upon the execution of the transaction agreement.
Key Highlights
- Board approved disinvestment of entire stake in REPL.
- REPL is a wholly owned subsidiary of Rexnord Electronics.
- Disinvestment details to be shared upon agreement execution.
- Board meeting held on September 19, 2026.
Price Impact
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