Oricon Enterprises Ltd. Sells Stake in Tecnocap Oriental Private Limited
Oricon Enterprises Ltd. announced March 31, 2026, that it signed a Share Purchase Agreement to sell a 25% stake in Tecnocap Oriental Private Limited to TGP TECNOCAP GROUP PARTECIPAZIONI S.R.L. The transaction involves 246,833 equity shares.The consideration for the sale is Rs. 5,50,00,000. TGP TECNOCAP GROUP PARTECIPAZIONI S.R.L. is a company incorporated under the laws of Italy, with its registered office in Cava de' Tirreni.
During the financial year ending March 31, 2025, Tecnocap Oriental Private Limited contributed a share of profit of Rs. 74.75 lakhs to Oricon Enterprises Ltd.
The Share Purchase Agreement was signed on March 31, 2026. The expected date of completion of the sale is not applicable
| S. No | Particulars | Details |
|---|---|---|
| A | Amount and percentage of turnover or revenue contributed by associate company | Share of Profit/(loss) during last financial year Rs. (74.75 Lakhs) |
| B | Date on which the agreement for sale has been entered into | March 31, 2026 |
| C | Expected date of completion of Sale/disposal | Not applicable |
| D | Consideration received from such sale/disposal | Rs. 5,50,00, 000/- |
| E | Details of buyers | TGP TECNOCAP GROUP PARTECIPAZIONI S.R.L. |
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.