Execution of Share Purchase Agreement
Price
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Awaiting price reaction for this filing.
Kartik Investments Trust has signed a share purchase agreement to sell 2,01,600 equity shares (2.9% of equity share capital) of Parry Enterprises Limited (PEIL) to Ambadi Investments Limited (AIL) for a lump-sum consideration of Rs. 6.02 crores. AIL is the holding company of PEIL and also a promoter of Kartik Investments Trust, making this a related-party transaction. The sale effectively transfers the company's small minority stake in PEIL back to PEIL's own holding company.
For shareholders, this is a modest, one-time monetisation of a small investment holding at an agreed lump-sum price. The deal size is immaterial relative to typical corporate actions and unlikely to move the stock price meaningfully, though it brings clarity on the exit from this particular investment.