PVP Ventures Ltd. Divests Stake in Picturehouse Media Limited
PVP Ventures Ltd. announced on March 30, 2026, that its Board of Directors approved the divestment of its residual equity stake in Picturehouse Media Limited ('PHML'). The company held 33,21,179 equity shares in PHML, representing 6.36% of its paid-up share capital.The divestment, undertaken to focus on the company's core healthcare business and streamline its investment portfolio, involved selling the shares to Mrs. Jhansi Sureddi, a promoter of PVP Ventures Ltd., at Rs. 6.64 per share. This price aligns with the closing market price as of March 27, 2026. The transaction, valued at Rs. 2.20 Crores, is an inter se transfer within the promoter group and is considered to be on an arm's length basis. No change in control of PHML is expected.
PVP Ventures Ltd. stated that the divestment is not expected to have a material impact on the company.
Here’s a summary of details regarding the transaction:
| S. No | Particulars | Details |
|---|---|---|
| 1 | The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division or undertaking or subsidiary or associate companyof the listed entity during the last financial year; | Nil |
| 3 | The expected date of completion of sale/disposal; | March 31, 2026 |
| 4 | Consideration received from such sale/disposal | Rs. 2.20 Crores |
| 5 | Brief details of buyers and whether any of the buyers belong to the promoter/ promoter group/group companies. If yes, details thereof | Mrs. Jhansi Sureddi, Promoter of the company. |
| 6 | Whether the transaction would fall within related party transactions? If yes, whether the same is done at ' arm's length | Yes, the transaction falls within the ambit of related party transactions. |
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