Arco Leasing Ltd Confirms Proposed Divestment of Subsidiary Investment Was Not Undertaken
Arco Leasing Ltd confirmed that it has not pursued the proposed divestment of its investment in its wholly owned subsidiary, ANSU Trade & Fiscals Private Limited. The company issued the statement detailing the outcome of the evaluation process regarding the subsidiary.The communication noted that the Board of Directors had been previously authorized by shareholders at the Annual General Meeting (AGM) held on September 25, 2025. This authorization enabled the Board to explore the possibility of divesting the Company's investment in ANSU Trade & Fiscals Private Limited, which is considered a material wholly owned subsidiary.
The Board received the shareholder approval specifically to evaluate and explore potential divestment opportunities. This evaluation was subject to commercial viability, prevailing market conditions, regulatory requirements, and other factors determined to be relevant by the Board.
Following a due evaluation of the available opportunities and considering the general business and commercial circumstances, Arco Leasing Ltd confirmed that the proposed divestment was not undertaken, and no transaction took place utilizing the shareholders' approval.
The Company stated that, as a result of the evaluation, the wholly owned subsidiary continues to remain a wholly owned subsidiary of Arco Leasing Ltd. Accordingly, there has been no change in the shareholding of the parent company in the said subsidiary.
Stock Price Movement
At the close of trade on Monday, Arco Leasing Ltd shares settled at ₹3.75, showing zero percentage movement for the day. The stock remained completely flat throughout the session, holding tightly between a low of ₹3.75 and a high of ₹3.75.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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