Take Solutions Limited has informed the Exchange regarding 'Disinvestment of M/s. Take Consultancy Services Inc, wholly owned subsidiary'.
TAKE · price
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Take Solutions Limited's Board has approved the sale of its entire 100% stake in wholly owned subsidiary Take Consultancy Services Inc to Quick2shelf Private Limited for a nominal consideration of Rs. 1 lakh. The subsidiary had zero revenue in FY25 and a negative net worth of Rs. 63.06 crore, which represented a 30.72% drag on the parent's net worth. The transaction is expected to complete by 30th September 2025 and is not a related party deal. The buyer is an unrelated third party with no promoter group connection.
While the sale price is token, shedding a loss-making subsidiary with negative net worth should slightly improve the parent's standalone net worth and clean up the consolidated balance sheet. However, given the subsidiary had no revenue, the impact on earnings or stock price is likely to be minimal.