Main Disclosure – Disinvestment Details
Target Entity: REFU Drive GmbH ("REFU")
Percentage Stake Disinvested: Entire 50% equity stake held by Kalyani Powertrain Limited
Post-Transaction Holding: 0% holding (complete exit)
Counterparty/Buyer: REFU Elektronik GmbH
Transaction Status: Completed - stake transfer has been executed
Impact on the Company: REFU has ceased to be a joint venture of Kalyani Powertrain Limited
Regulatory Compliance:
- Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Amends previous detailed disclosures provided under SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026
- Reference to earlier intimation dated July 23, 2026 regarding the divestment
Document Details:
- Date of Disclosure: September 2, 2026
- Company CIN: L25209PN1961PLC012046
Other Updates
No other disclosures are present in the document.