Asahi India Glass Limited has informed the Exchange about Sale or disposal
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 of face value ₹10 each) in associate company Under Par Sports Technologies Private Limited. The buyers are Mr. Anitya Chand and Mr. Karanpreet Bindra, who are not part of the promoter group. Total consideration is just ₹9.05 lakhs, payable in one or more tranches, with completion expected on or before 31st March 2026. The target contributed zero revenue and only 9% to CG's net worth (₹27.62 lakhs) in FY24-25. After the sale, Under Par Sports will cease to be an associate of CG and an indirect associate of Asahi India Glass.
This is a very minor, non-core divestment with negligible financial impact — the ₹9.05 lakh consideration and 0% revenue contribution indicate shareholders should not expect any meaningful effect on earnings or stock price. The move simply cleans up a small, non-performing associate stake from the books.