Sale of Shares of Wholly owned subsidiary company
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Kesar India Limited has sold 499 equity shares (49.99% stake) in its wholly-owned subsidiary YK Infraproject Private Limited to two individuals — Mr. Sandip Agarwal (300 shares) and Mr. Sachin Jejani (199 shares) — at face value of Rs. 100 per share, for a total consideration of Rs. 49,900. YK Infraproject was incorporated only in August 2024 and had nil turnover and a net worth of just Rs. 59,000 as of March 31, 2025, meaning the subsidiary was essentially non-operational. After the sale, YK Infraproject will cease to be a wholly-owned subsidiary but will continue as a subsidiary of Kesar India. The buyers are not part of the promoter or group companies, and the transaction is not a related party deal.
This is a very small, financially insignificant transaction (total consideration under Rs. 50,000) involving a non-operating subsidiary, so shareholders are unlikely to see any meaningful impact on the stock or company value. It appears to be a housekeeping restructuring rather than a strategic divestment.