Standard Industries Limited has informed the Exchange regarding 'Intimation under Regulation 30(4) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015'.
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Standard Industries Limited has approved the sale of its entire 9.64% shareholding in Duville Estates Private Limited, amounting to 14,47,714 equity shares, at a price of Rs.212 per share. The total deal value works out to approximately Rs.30.69 crore, to be executed in one or more tranches by 30th September 2025. After this sale, the company will completely exit Duville Estates, and the transaction is not a related-party deal. Duville Estates is also not classified as an associate company of Standard Industries.
This is a clean exit from a non-core investment, freeing up about Rs.30.7 crore in cash for the company. Shareholders may view this positively as it simplifies the company's portfolio and adds liquidity, though the financial impact is relatively modest given the size of the stake.