Remsons Industries Sells Stake in Astro Motors, Acquires Remaining Shares in Remsons Edge Technologies
Remsons Industries Limited announced on March 23, 2026, that its Board of Directors approved the sale of its entire stake in Astro Motors Private Limited (AMPL), an associate company. The sale involves 62,500 equity shares, representing 35.86% of AMPL's equity, for a lump sum consideration of Rs. 10,00,00,000. Following the completion of the sale, AMPL will no longer be considered an associate of Remsons Industries.The Board also approved the acquisition of the remaining 73,500 equity shares, equivalent to 49% of Remsons Edge Technologies Private Limited (RETPL), from existing shareholders. The consideration for this acquisition is...