Pavna Industries sells 50.74% stake in PAEPL subsidiary to promoter group
PAVNAIND · price
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Pavna Industries sold its entire 50.74% stake (30,901 shares) in subsidiary Pavna Auto Engineering Pvt Ltd to Mrs. Priya Jain, who belongs to the promoter group, for about Rs 8.79 crore on October 13, 2026. PAEPL contributed 5.4% of revenue and 9.07 of net worth on a standalone basis. The transaction is a related party deal done at arm's length basis. Proceeds will be used to strengthen the core two-wheeler and three-wheeler auto business.
Small subsidiary divested to promoter group for about Rs 8.79 crore. Limited revenue impact at roughly 5 percent. Funds redirected to core auto focus.