Update on sale of stake of subsidiaries
ADVAIT · price
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Advait Energy Transitions has sold its 100% stake in two wholly owned subsidiaries — A&G Hydrogen Technologies and Advaiteco Technologies — to Advait Greenergy Private Limited, which is itself a subsidiary of Advait. Each subsidiary was sold for ₹1 lakh (10,000 shares at face value of ₹10). Both subsidiaries were recently incorporated (July 2024 and May 2025) and had NIL revenue, turnover, and net worth. As a result, both entities will now operate as step-down subsidiaries of Advait Energy Transitions. The transaction qualifies as a related party transaction but has been carried out at arm's length, with completion targeted before December 3, 2025.
This is essentially an internal group restructuring — moving two recently formed, non-revenue-generating subsidiaries from direct ownership to indirect ownership through Advait Greenergy — with no material financial impact on shareholders since the entities had no turnover or net worth.