Autoline Industries ($AUTOIND) has completed the sale of its direct stake in Autoline Industrial Parks (AIPL)!
The company transferred its remaining 4.85% holding on February 17 for approximately ₹10.67 Cr. **The Issue:** AUTOIND is nearing completion of its strategic divestment from Autoline Industrial Parks (AIPL), which is now an associate company, not a material subsidiary.
This transaction marks the final step in divesting the parent company's direct shareholding. **Possible Impact:** This sale finalizes Autoline Industries' 43.26% stake divestment in AIPL.
The total consideration received by AUTOIND and its subsidiary ADSL from the sale process amounts to approximately ₹95.17 Cr and ₹0.33 Cr, respectively.
This provides a significant capital inflow to the company.
AIPL's net worth stood at approximately ₹115.84 Cr as of March 2025, with Nil turnover. **Company's Plan:** AUTOIND's wholly-owned subsidiary, Autoline Design Software Ltd. (ADSL), still holds a 1.52% stake in AIPL.
This remaining stake is expected to be transferred by March 05, 2026, fully concluding the divestment.
The buyer, MNSC Realty & Developers Pvt. Ltd., is not part of the promoter or related party group.
No comments yet. Be the first.