Asahi India Glass Limited confirmed the successful completion of the sale of its entire 34% stake in Under Par Sports Technologies Private Limited. The transaction involved its subsidiary, AIS Consumer Glass Solutions Limited. As a result of this divestiture, the Target Company has officially ceased to be an Associate Company, effective March 30, 2026. No new information beyond the initial disclosure made on March 24, 2026, was provided.
Completion of Divestiture Confirmed
Asahi India Glass Limited has formally announced the conclusion of a significant divestiture transaction that was initially approved on March 24, 2026. The company confirmed that the sale of the entire 34% stake held by its subsidiary, AIS Consumer Glass Solutions Limited (“CG”), in Under Par Sports Technologies Private Limited (“Target Company”) has been finalized today, March 30, 2026.
Impact on Associate Status
The completion of this sale has direct implications for the corporate structure. Consequently, the Target Company has officially ceased to be an Associate Company of CG and, by extension, an Indirect Associate of Asahi India Glass Limited, effective from March 30, 2026. The announcement confirmed that there are no changes to the information or disclosures previously provided regarding the terms of the sale.
Corporate Signatory
The communication was authorized and signed by Gopal Ganatra, serving as Executive Director and General Counsel & Company Secretary for Asahi India Glass Limited, under Membership No. F7090.
Source: BSE
