Announced Wed, 24 Jun · 13:02 IST
Board approves sale of Wind Mill segment for Rs 2.45 Crore
SAMPANN · price
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Price reaction · full curve 14 horizons · vs prior close
-2.2%1-day move
₹28.00
prior close
₹28.48
base price
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AI summary
Sampann Utpadan India has approved selling its Non-Conventional Energy (Wind Mill) segment in Karnataka and Rajasthan to two Viviid group firms for Rs 2.45 Crore cash. The segment contributed only Rs 28.50 Lakh or 0.20 percent of total turnover last year, with net worth of Rs 43.18 Crore. Not a related party transaction. Completion expected within 6 months. Proceeds may fund business expansion or working capital.
Likely market impact
Minimal revenue impact as divested segment is only 0.20 percent of turnover. Sharp gap between sale value and net worth may draw investor questions.