Chembond Chemicals Sells 40% Stake in Associate Rewasoft for ₹2 Lakhs
Chembond Chemicals Limited, through its wholly-owned subsidiary Chembond Water Technologies Limited (CWTL), has divested its entire 40% stake in Rewasoft Solutions Private Limited. The sale involved 2...
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Why is Chembond Chemicals Limited in the news today?
Chembond Chemicals Limited (CHEMBONDCH) is in the news due to the sale of an associate company's stake for a nominal amount does not significantly impact the overall financial health or future prospects of chembond chemicals limited, hence the sentiment is neutral.
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Chembond Chemicals Sells 40% Stake in Associate Rewasoft for ₹2 Lakhs
January 1, 2026, 11:12 AM
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Chembond Chemicals Limited, through its wholly-owned subsidiary Chembond Water Technologies Limited (CWTL), has divested its entire 40% stake in Rewasoft Solutions Private Limited. The sale involved 20,000 equity shares, each with a face value of ₹10, for a total consideration of ₹2,00,000 (Rupees Two Lakhs).
The transaction was executed on December 31, 2025. Consequently, Rewasoft Solutions Private Limited is no longer an associate company of CWTL and, therefore, not a step-down associate of Chembond Chemicals Limited, effective January 1, 2026.
The buyer of the stake is Mr. Mohit S. Shah, who is not affiliated with the promoter, promoter group, or group companies of Chembond Chemicals Limited. The transaction is considered an arm's length transaction, as Mr. Shah is a relative of a promoter/director of Rewasoft Solutions Private Limited. Rewasoft contributed ₹4.60 Lakhs to the net worth of Chembond Chemicals Limited in FY 2024-25, representing 0.026%. The company noted that there is no financial impact from this discontinuation as Rewasoft was consolidated using the net equity method and its turnover was not consolidated.
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