Ravindra Energy Limited has informed the Exchange about Divestment of stake in subsidiary entity
RELTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 1.7 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Ravindra Energy Limited has fully exited Hirehalli Solar Power Project LLP by resigning as a partner and divesting its entire 79% stake for Rs. 10.25 Crores, effective June 11, 2025. The LLP was engaged in the renewable energy business and contributed only Rs. 3.11 Crores (1.24%) to consolidated turnover and Rs. 8.48 Crores (2.50%) to net worth as of March 31, 2025, making it a non-material subsidiary. The buyers are four individuals — Mr. Balaraj Stella Mary, Mr. Pavan Chinnaraj Raj, Mr. Prem Chinna Raaj, and Mr. Chinnaraj S. — none of whom belong to the promoter or promoter group. Post-transaction, Ravindra Energy holds 0% in the LLP and it ceases to be a subsidiary.
This is a small, non-material divestment unlikely to meaningfully affect the stock price or shareholder value, as the divested unit was a minor contributor to both revenue and net worth. The Rs. 10.25 Crore inflow is modest and the deal required no shareholder approval.