Almondz Global Securities Ltd. Sells Stake in Subsidiary
Almondz Global Securities Limited announced the transfer of 32,85,000 shares, representing 20.63% of its total share capital, in subsidiary Almondz Global InfraConsultant Limited (AGICL) to Almondz Finanz Limited on March 30, 2026. The transaction was valued at Rs. 18,57,01,050.Following the sale, Almondz Global Securities Limited’s shareholding in AGICL has decreased to 53.08% of the total paid-up share capital. AGICL will continue to be considered a subsidiary of Almondz Global Securities Limited.
According to audited financial statements as of March 31, 2025, AGICL contributed an income of Rs. 11,486.96 lacs, representing 76% of the listed entity's income, and a net worth of Rs. 3658.62 lacs, representing 15% of the listed entity's net worth.
Almondz Finanz Limited, a sister concern, was the buyer in this transaction, which was conducted at an arm’s length basis.
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