Setco Automotive Divestment Final Consideration ₹215 Cr
Setco Automotive Ltd has announced the final purchase consideration for the divestment of its majority stake in Setco Auto Systems Private Limited (SASPL) to RSB Transmissions (I) Limited. The initial estimated consideration was approximately ₹185 Crores, subject to adjustments. Following the finalization of closing accounts, the final purchase consideration has been determined at ₹215 Crores. The company received ₹207.6 Crores on the closing date, with a ₹10 Crores holdback. Subsequently, ₹7.4 Crores of the holdback was released on July 29, 2026. The remaining ₹2.6 Crores from the holdback was adjusted against downward adjustments to the purchase consideration due to differences in estimated vs. final net debt and working capital of SASPL. Deferred consideration remains separate.
Key Highlights
- Final divestment consideration for SASPL is ₹215 Crores.
- Initial estimated consideration was approximately ₹185 Crores.
- ₹207.6 Crores paid on closing, ₹10 Crores held back.
- ₹7.4 Crores of holdback released on July 29, 2026.
- ₹2.6 Crores of holdback adjusted for closing differences.
Price Impact
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