FilingReader Intelligence

Jindal Worldwide to sell stake in Kashyap Tele-Medicines

March 5, 2025 at 07:05 PM UTCBy FilingReader AI

Jindal Worldwide Limited (BSE: JINDWORLD) announced today that it has executed a Share Purchase Agreement (SPA) on March 5, 2025, to sell its entire stake in Kashyap Tele-Medicines Limited. The stake comprises 1,49,15,000 equity shares, representing 31.25% of Kashyap Tele-Medicines. The sale consideration is ₹2,23,72,500. The buyer is June Enterprises Private Limited. The completion of the sale is contingent upon regulatory approvals and is expected to occur within 120 days of the SPA execution or 10 days after SEBI (SAST) requirements are met, whichever is later. Jindal Worldwide stated that Kashyap Tele-Medicines will cease to be an associate company after the completion of this transaction.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:JINDWORLDBombay Stock Exchange

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