Asahi India Glass Limited confirmed the completion of the sale of its entire 34% stake in Under Par Sports Technologies Private Limited, held via its subsidiary, CG. The transaction was finalized on March 30, 2026. Consequently, the Target Company has ceased to be an Associate Company of the subsidiary and an Indirect Associate of Asahi India Glass Limited, effective the same date. No new information or changes to prior disclosures are noted.
Finalization of Divestment
Asahi India Glass Limited announced today, 30th March, 2026, that the sale transaction involving its subsidiary has been fully completed. The transaction pertains to the divestment of the entire 34% stake held by AIS Consumer Glass Solutions Limited (“CG”), a subsidiary of Asahi India Glass.
Target Company Status Update
The sold stake was held in Under Par Sports Technologies Private Limited (“Target Company”), which was previously classified as an Associate Company of CG and an Indirect Associate of Asahi India Glass. With the successful execution of the sale on March 30, 2026, the Target Company has ceased to be an Associate/Indirect Associate of the Company, effective immediately.
Disclosure Confirmation
The company confirms that there are no changes to the information or disclosures previously provided to the exchanges in the initial intimation dated 24th March, 2026, regarding the approval and execution of the agreement.
The announcement was formalized by Gopal Ganatra, Executive Director and General Counsel & Company Secretary, for Asahi India Glass Limited.
Source: BSE
