Rexnord Electronics Disinvests Subsidiary for ₹5.5 Cr
Rexnord Electronics & Controls Ltd. has completed the disinvestment of its entire holding in its wholly-owned subsidiary, Rexnord Enterprise Private Limited (REPL). The sale agreement was entered into on September 24, 2026, with the transaction expected to be completed by October 10, 2026. The total consideration received for this divestment is INR 5,50,00,000. REPL's contribution to Rexnord Electronics' turnover for the financial year ended March 31, 2026, was NIL, while its net worth contribution was INR 62,76,730.90, representing 0.65% of the consolidated financial statements. The buyer, JAMIN PROPERTY DEVELOPERS I PRIVATE LIMITED, is not related to the promoter or group companies, and the transaction is not considered a related party transaction.
Key Highlights
- Rexnord Electronics divested its entire stake in subsidiary REPL.
- Sale consideration amounts to INR 5.5 Crores.
- REPL's net worth contribution was 0.65% of consolidated financials.
- The buyer is an unrelated third party.
- REPL ceases to be a subsidiary of Rexnord Electronics.
Price Impact
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