Hinduja Global Solutions Limited (HGS) has submitted a regulatory update under SEBI Listing Regulations (Regulation 30) regarding the divestment process of its subsidiary IndusInd Media & Communications Limited (IMCL).
This communication serves as a continuation of the company's previous letter dated September 9, 2026, which initially informed about IMCL's approval to divest its entire shareholding in two subsidiaries: Bhima Riddhi Infotainment Private Limited and Vinsat Digital Private Limited.
IMCL has informed HGS that discussions with the previously disclosed buyers to complete the sale of its stake are still ongoing and will require additional time beyond initial expectations. The company explicitly states that no completion has been achieved as of this update.
Upon final completion of the sale/divestment, both Bhima Riddhi Infotainment Private Limited and Vinsat Digital Private Limited will cease to be step-down subsidiaries of Hinduja Global Solutions Limited.
The disclosure was signed by Narendra Singh, Company Secretary of Hinduja Global Solutions Limited, on November 3, 2026 at 16:39:50 IST. The event occurrence date and time is specified as November 3, 2026 at 2:15 pm.
No financial impact or transaction values are quantified in this disclosure. The filing represents a status update rather than a completion announcement.