NIBE Ltd Announces Completion of Share Transfer; Nibe Aeronautics Limited Ceases Subsidiary Status
On April 10, 2026, NIBE Ltd confirmed the completion of a share transfer transaction involving its subsidiary, Nibe Defence and Aerospace Limited (NDAL). The transaction concerned the sale of equity shares held by NDAL in Nibe Aeronautics Limited (NAL) to Mr. Ganesh Nibe.The share transfer, which involved 15,20,000 shares, was finalized on April 09, 2026. Through this transaction, Mr. Ganesh Nibe acquired the specified shares from NDAL.
Consequently, NIBE Ltd reported that the transaction is now complete. Following the transfer, NAL has ceased to be a subsidiary of NDAL, and consequently, it has also ceased to be a step-down subsidiary of NIBE Ltd.
Stock Price Movement
As of 11:25 AM, NIBE Ltd shares are ticking up, currently trading at ₹973.35, marking a 3.52% gain for the day. The stock has shown movement throughout the session, tracing a path between a low of ₹943.00 and an intraday high of ₹979.90.Source:
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