In continuation of our earlier disclosures dated August 14, 2025 and August 28, 2025, made under Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure ....
MAJESAUT · price
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Majestic Auto has completed the sale of its entire 80% stake in subsidiary Emirates Technologies Private Limited (ETPL) for a total consideration of INR 196 Crore. The final tranche of INR 54.55 lakh was received on September 4, 2025, following earlier tranches on August 14 and August 28, 2025. The 1.6 crore equity shares have been transferred to six buyers — individuals and private companies involved in real estate and specialty chemicals, none from the promoter group. As a result, ETPL has ceased to be a subsidiary of Majestic Auto. ETPL had contributed 11.60% to the company's consolidated net worth (INR 72.49 crore).
The company has fully exited ETPL and received the entire INR 196 Crore sale proceeds, which strengthens its cash position and simplifies the group structure. Shareholders should watch for how the company plans to deploy this large inflow, as it could fund growth, dividends, or debt reduction.