Intimation of Sale of its Shareholding in Subsidiary Company Almondz Global Infra-Consultant Limited
ALMONDZ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Almondz Global Securities has sold 32,85,000 shares (20.63% of paid-up capital) of its subsidiary Almondz Global Infra-Consultant Limited (AGICL) to Almondz Finanz Limited, a group/sister concern company. The transaction, completed on March 30, 2026, fetched a consideration of Rs. 18.57 crore. After the sale, the company's stake in AGICL has come down to 53.08%, meaning AGICL continues to be a subsidiary, not an associate. AGICL contributed 76% of the parent's income and 15% of its net worth in FY25, making it a significant revenue-generating arm. The deal is a related party transaction but has been carried out at arm's length.
For shareholders, this is essentially an internal group restructuring rather than a market-driven divestment, since the buyer is a sister concern. AGICL still remains a subsidiary, so the consolidated business does not change materially, but the related-party nature of the deal may draw shareholder attention regarding value and fairness.