Asahi India Glass Limited Sells Stake in Under Par Sports Technologies
Asahi India Glass Limited announced that its subsidiary, AIS Consumer Glass Solutions Limited ('CG'), has entered into an agreement to sell its entire 34% stake in Under Par Sports Technologies Private Limited ('Target Company'). The transaction, finalized on March 24, 2026, will see CG divest its stake to Mr. Anitya Chand and Mr. Karanpreet Bindra for a consideration of 9.05 Lakhs.Upon completion of the sale, the Target Company will cease to be an associate of CG and an indirect associate of Asahi India Glass Limited. The sale involves 170,000 equity shares with a face value of 210 each. The consideration is expected to be received in one or more tranches.
According to financial data as of March 24, 2026, the Target Company's turnover for the fiscal year 2024-25 was 0 Lakhs, and its net worth stood at 27.62 Lakhs.
The expected completion date for the sale is on or before March 31, 2026. The transaction is not considered a related party transaction, and neither buyer belongs to the promoter or promoter group/group companies of Asahi India Glass Limited.
| Particular | Under Par Sports Technologies Private Limited |
|---|---|
| Turnover FY 2024-25 | 0 Lakhs |
| Networth as on 31st March, 2025 | 27.62 Lakhs |
| Date of Agreement | March 24, 2026 |
| Expected Completion Date | On or before March 31, 2026 |
| Consideration | 9.05 Lakhs |
| Buyers | Mr. Anitya Chand and Mr. Karanpreet Bindra |
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