Announced Tue, 29 Sept, 2026 · 22:01 IST
Majestic Auto completes SHPL sale, books Rs 29.28 cr pre-tax gain
MAJESAUT · price
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Price reaction · full curve 14 horizons · vs prior close
+1.5%1-day move
₹361.05
prior close
₹364.00
base price
After-mkt
timing
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+0.0+0.0+0.5+0.5+1.5+2.5+0.6+1.7+1.6—————
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AI summary
Majestic Auto completed the sale of all securities of Sharan Hospitality Private Limited (SHPL) to NovumLake Property Fund and 360 ONE Real Assets Advantage Fund for Rs 105.43 crore. SHPL also repaid Rs 29.28 crore inter-corporate deposit. Linked to the Resolution Plan implementation, the deal yields a pre-tax gain of about Rs 29.28 crore. SHPL ceases to be a wholly owned subsidiary.
Likely market impact
Resolution Plan transaction completed; one-time pre-tax gain of Rs 29.28 cr boosts earnings; SHPL exits as subsidiary.