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Completed sale of entire 50.74% stake in Pavna Auto Engineering to promoter-group member Priya Jain on Oct 13 for Rs 8.8 crore, with the unit ceasing as subsidiary. PAEPL contributed 5.4% of standalone turnover and 9.07% net worth last fiscal; deal at arm's length per valuation.
Pavna Industries Approves ₹8.80 Crore PAEPL Sale And Electric Systems Acquisition
Pavna Industries Approves Electric Systems Acquisition And Subsidiary Divestitures
Pavna Industries Reports ₹30.30 Crore Forfeiture After Warrants Lapse
Pavna Industries Forfeits ₹30.30 Crore After Warrants Lapse
Pavna Industries Forfeits ₹30.30 Crore As Promoter Warrants Lapse