Divestment16 Apr 2026, 02:57 pm
Autoline Industries Completes Sale of Subsidiary AIPL
AI Summary
Autoline Industries Ltd has completed the sale of its 44.78% equity stake in Autoline Industrial Parks Ltd (AIPL) to MNSC Realty & Developers Pvt. Ltd. The transaction, which included stakes held by its wholly-owned subsidiary and promoters, was finalized on April 16, 2026, upon receipt of the entire consideration. Autoline Industries received ₹95,16,62,991. Consequent to the sale, AIPL is no longer a subsidiary or associate of Autoline Industries, and its management control has been transferred to MNSC Realty & Developers Pvt. Ltd. The buyer is not a related party.
Key Highlights
- Autoline Industries completed the sale of its subsidiary AIPL.
- The company received ₹95.17 crore from the divestment.
- AIPL is no longer a subsidiary as of April 16, 2026.
- Management control of AIPL transferred to MNSC Realty & Developers.
- The transaction was not a related party deal.