Tuticorin Alkali Chemicals enters agreement to partially dilute its shareholding in three green power subsidiaries.
The stake sale of 7.27 million shares is to promoter Greenstar Fertilizers at face value for ₹7.37 crore.
Transaction is a related party transaction but conducted at arm's length to align with TNERC captive power rules.
Completion of the sale to the promoter group company is expected by May 20, 2026.