Setco Automotive Completes Divestment of SASPL, Final Purchase Consideration Determined at Rs 215 Crores
Setco Automotive Limited has finalized the transaction involving the divestment of its majority stake in its material subsidiary, Setco Auto Systems Private Limited (SASPL), to RSB Transmissions (I) Limited. The company confirmed that the final purchase consideration for the Sale Securities has been determined at Rs 215 Crores following the finalization of closing accounts and the determination of the net debt and working capital position of SASPL as of the Closing Date.The transaction, which was initially announced in March 2026, saw the estimated Initial Purchase Consideration set at approximately Rs 185 Crores based on SASPL's financial standing as of December 31, 2025. The completion of the sale to RSB Transmissions (I) Limited marked the conclusion of the transaction contemplated under the Share Purchase and Subscription Agreement (SPSA).
Setco Automotive provided a detailed breakdown of the Final Purchase Consideration payments related to the Sale Securities.
Payments related to the final consideration:
| Payment Milestone | Amount Paid / Adjusted | Details |
|---|---|---|
| On Closing Date | Rs 207.6 Crores | Amount paid by Purchaser, retaining a Holdback Amount of Rs 10 Crores. |
| July 29, 2026 | Rs 7.4 Crores | Amount released and paid by the Purchaser out of the Holdback Amount. |
| Adjustment | Rs 2.6 Crores | Balance amount adjusted against downward adjustment due to differences in estimated versus final net debt and working capital position. |
The Final Purchase Consideration of Rs 215 Crores specifically refers to the payment settled as part of the closing accounts adjustments. The company noted that this figure does not include a deferred consideration which remains payable, subject to the terms and conditions outlined in the SPSA.
SETCO Stock Price Movement
Setco Automotive Limited settled today after rallying by 0.57% in post-market trading, concluding at ₹17.6. The stock saw a day's trade volume of 12,624 shares, closing within its intraday range of ₹17.5 to ₹17.7.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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