Autoline Industries announced that they will sell their remaining stake in Autoline Industrial Parks Limited (AIPL) to MNSC Realty & Developers Pvt. Ltd. An amendment to the original Share Purchase Agreement (SPA) extends the payment schedule to October 30, 2025. The company expects to complete the sale of its 44.78% equity stake by this date.
Stake Divestment in AIPL
Autoline Industries is proceeding with the sale of its remaining stake in Autoline Industrial Parks Limited (AIPL) to MNSC Realty & Developers Pvt. Ltd. This includes a 44.78% equity stake held by Autoline Industries and its subsidiary, Autoline Design Software Ltd. (ADSL).
Revised Agreement Terms
A Supplemental Agreement, as Amendment No. 1, was executed on September 18, 2025, modifying the payment terms. The new deadline for completing the consideration payment has been extended to October 30, 2025.
Consideration Details and Timelines
As of the report on November 11, 2024, Autoline Industries had received ₹84,50,00,000, while ADSL received ₹3,00,00,000 towards the total consideration. The total consideration amount for the Company is Rs. 95,16,62,991 and for ADSL (WOS) is Rs. 3,33,37,009.
Impact on Company Structure
Following this transaction, AIPL will no longer be considered a material subsidiary but will be an associate company of Autoline Industries, effective April 15, 2025.
Source: BSE
