Asahi India Glass Limited has informed the Exchange about Disinvestment
ASAHIINDIA · price
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Asahi India Glass Limited's subsidiary, AIS Consumer Glass Solutions Limited (CG), has agreed to sell its entire 34% stake (1,70,000 equity shares) in Under Par Sports Technologies Private Limited for ₹9.05 Lakhs to Mr. Anitya Chand and Mr. Karanpreet Bindra. The target company is an indirect associate of AIS through CG, and once the deal completes (expected by 31st March 2026), it will cease to be an associate. The target contributed ₹0 to AIS's consolidated turnover for FY2024-25 and had a net worth of just ₹27.62 Lakhs, meaning this is a very small, non-material transaction. The buyers are unrelated to AIS's promoter group, and the deal is not a related party transaction.
This is a minor cleanup exit from a non-core, zero-revenue associate in sports tech, which is unrelated to AIS's main glass business. With negligible financial contribution, the transaction is unlikely to have any meaningful impact on AIS's earnings or stock price. It simply streamlines the company's portfolio.