How to Activate UAN: Deadline Extended Till February 15

The Universal Account Number (UAN) is a 12-digit unique identifier assigned by the Employees’ Provident Fund Organisation (EPFO) under the Ministry of Labour and Employment, Government of India. The UAN remains constant throughout an employee’s career, ensuring that all provident fund (PF) accounts across different employers are linked under one unique number. This allows for seamless management of EPF contributions, withdrawals, and transfers.

When an employee changes jobs, the EPFO assigns a new member ID that is linked to their existing UAN. This mechanism prevents multiple PF accounts and simplifies access to EPF benefits.

Why is UAN Activation Important?

Activating UAN is mandatory for employees seeking benefits under the Employment Linked Incentive (ELI) Scheme. The Government of India introduced this scheme in 2024 to incentivise first-time employment. EPFO enrolment and UAN activation are essential to receive the subsidy under the scheme.

To facilitate participation, EPFO has extended the deadline for UAN activation and Aadhaar-linked bank accounts to February 15, 2025.

How to Activate UAN Online?

Employees can activate their UAN through the EPFO portal by following these steps:

  1. Visit the EPFO Portal: Go to the official EPFO/UAN Member Portal.
  2. Click ‘Activate UAN’: This option is available under the ‘Important Links’ section.
  3. Provide Details: Enter your UAN, Aadhaar number, name, date of birth, mobile number, and captcha code.
  4. Authorisation PIN: Tick the consent box and click ‘Get Authorisation PIN’.
  5. Verify Details: Review the displayed information to ensure accuracy.
  6. OTP Verification: Tick the ‘I Agree’ checkbox and enter the OTP received on your registered mobile number.
  7. Activation Confirmation: Once the OTP is validated, your UAN will be activated, and a password will be sent to your registered mobile number for future logins.

How to Log in to the EPFO Portal Using UAN?

Once UAN is activated, employees can access EPF services through the EPFO Member e-Sewa Portal:

  1. Go to the EPFO/UAN portal.
  2. Enter your UAN and password (sent to your registered mobile number).
  3. Solve the captcha and click ‘Sign In’.
  4. Reset your password (optional) for enhanced security.

How to Activate UAN Using Aadhaar-based OTP?

Alternatively, UAN activation can be completed using an Aadhaar-based OTP:

  1. Visit the EPFO Member Portal.
  2. Select ‘Activate UAN’ under the ‘Important Links’ section.
  3. Provide Details: Enter your UAN, Aadhaar number, full name, date of birth, and Aadhaar-linked mobile number.
  4. Ensure Aadhaar-Mobile Linkage: Make sure your mobile number is linked with Aadhaar for authentication.
  5. Consent to OTP Verification: Accept the Aadhaar-based OTP verification.
  6. Generate OTP: Click ‘Get Authorisation PIN’ to receive an OTP on your Aadhaar-registered mobile number.
  7. Finalise Activation: Enter the received OTP to complete the process.
  8. Receive Login Credentials: A password will be sent to your registered mobile number for future access.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Mumbai Indians Expand Global Footprint with Oval Invincibles Partnership

Mumbai Indians (MI), the franchise owned by Reliance Industries Limited (RIL), has expanded its global cricket footprint by partnering with Oval Invincibles, the London-based franchise in The Hundred. This latest addition strengthens MI’s presence in international cricket, now boasting seven teams across 4 continents and 5 countries in both men’s and women’s formats.

Strengthening a Global Cricketing Legacy

Mumbai Indians, through its subsidiary RISE Worldwide, secured a successful bid to acquire a 49% stake in Oval Invincibles. This move further cements MI’s position as one of the most dominant global cricketing franchises, adding to its roster of teams in India, New York, the UAE, South Africa, and now England. The transaction is subject to customary due diligence and documentation.

The Oval Invincibles men’s team has been a formidable force in The Hundred, winning consecutive titles in 2023 and 2024, while the women’s squad claimed championship victories in 2021 and 2022. Their inclusion into the MI family adds to the franchise’s illustrious record of success.

Expanding the MI Fan Base

Mrs Nita M. Ambani, speaking on the partnership, stated, “Cricket is more than just a sport; it’s a passion that unites people across geographies and cultures. Welcoming Oval Invincibles into the Mumbai Indians family is a proud and special moment. With this partnership, we expand our MI fan base across India, New York, the UAE, South Africa, and now England – ushering in a new chapter of our global cricketing journey.”

Akash M. Ambani, MI owner, echoed this sentiment, highlighting the historic significance of The Oval in cricket history. “England, with its rich cricketing culture, has always been special to the game. To have the iconic Oval as our home venue is truly special. By leveraging our global cricket expertise, we aim to further elevate the teams, engage with fans, and expand our footprint in the sport we love.”

A Strategic Partnership with Surrey CCC

Surrey County Cricket Club (CCC), the organisation behind Oval Invincibles, welcomed the partnership, with Chairman Oli Slipper noting, “We wanted the best partner to ensure that Surrey continues to lead the way in English cricket, and in Mumbai Indians, that is what we have got. Their expertise and global reach will help us grow on and off the field.”

Mumbai Indians

Mumbai Indians’ journey has been marked by sustained excellence. With 5 IPL championships, 2 Champions League titles, and victories in major T20 leagues such as the Women’s Premier League (WPL), SA20, and ILT20, MI has become synonymous with success in franchise cricket. The addition of Oval Invincibles reinforces their commitment to growing the game on a global scale.

As MI continues to expand its presence, this partnership signals a new era of collaboration between Indian and English cricket, promising to bring exciting opportunities for players and fans alike.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Dynamatic Technologies and Deutsche Aircraft Strengthen Ties at Aero India 2025

Dynamatic Technologies Limited, a leading aerostructure manufacturer in South Asia, has joined forces with Deutsche Aircraft, a regional aircraft OEM, at Aero India 2025. This collaboration not only strengthens Deutsche Aircraft’s supply chain resilience but also aligns with India’s “Make in India” initiative, further reinforcing the country’s growing presence in the global aerospace sector.

The share price of Dynamatic Technologies was trading down by 1.42% as of 10:25 AM on February 11, 2025.

Advancing Regional Aviation with the D328eco

As India emerges as a key hub for regional aviation, Deutsche Aircraft is accelerating the development of its D328eco®, a 40-seat turboprop aircraft designed for enhanced connectivity, sustainability, and economic efficiency. Featuring a fuel-efficient engine and state-of-the-art avionics, the D328eco aligns seamlessly with India’s UDAN scheme, which aims to improve air connectivity to Tier 2 and Tier 3 cities.

The aircraft’s versatile design enables its use in multiple roles, including passenger transport, cargo, and specialised mission operations. Through its partnership with Dynamatic Technologies, Deutsche Aircraft is bolstering its manufacturing ecosystem while reaffirming its commitment to India’s aviation sector.

Manufacturing Excellence in India

Last year, Dynamatic Technologies and Deutsche Aircraft entered a strategic partnership for the manufacturing of the rear fuselage of the D328eco. This initiative is expected to create significant employment opportunities while enhancing India’s aerospace manufacturing capabilities.

Recent progress in rear fuselage production demonstrates that the project remains on track, capitalising on India’s robust design and manufacturing ecosystem. A key milestone was recently achieved with the successful completion of the critical process review and tooling critical design review, marking significant progress towards full-scale production.

Commitment to Sustainable Aviation

The D328eco is poised to revolutionise regional air travel, offering a spacious cabin, exceptional performance, and a reduced carbon footprint. With sustainability being a key focus, both Dynamatic Technologies and Deutsche Aircraft are committed to ensuring that the aircraft meets the highest environmental standards while maintaining operational efficiency.

Speaking about the collaboration, Udayant Malhoutra, CEO and Managing Director of Dynamatic Technologies Limited, stated:“The D328eco, with its cutting-edge fuel efficiency and reduced carbon footprint, will be the preferred choice for regional airliners worldwide. Dynamatic Technologies, responsible for manufacturing the rear fuselage, showcases India’s aerospace capabilities on a global scale through world-class engineering and precision manufacturing.This initiative has strengthened the ‘Make in India’ movement, generating high-skilled jobs and fostering a thriving aerospace ecosystem in the country.”

Nico Neumann, Co-CEO of Deutsche Aircraft, echoed this sentiment, adding:“The D328eco is a testament to the power of global collaboration in advancing sustainable aviation. By leveraging world-class engineering and precision manufacturing in India, we are not only reducing the carbon footprint of regional aviation but also contributing to the ‘Make in India’ initiative—creating high-skilled jobs and strengthening the country’s aerospace ecosystem.”

Engagement at Aero India 2025

Dynamatic Technologies and Deutsche Aircraft are actively participating in Aero India 2025, hosting discussions with industry stakeholders and showcasing their collaboration at Chalet No. 40. This event provides an opportunity for attendees to learn more about the future of regional aviation and how India is playing an integral role in its evolution.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Electric Vehicle (EV) Sales Surge 17% in January 2025: FADA Data

Electric vehicle (EV) sales in India continued their upward trajectory in January 2025, as per data from the Federation of Automobile Dealers Associations (FADA). The industry registered a total of 1,69,931 units, marking a 17.1% year-on-year (YoY) increase and a 19.4% month-on-month (MoM) rise.

This growth was driven primarily by passenger EVs and two-wheelers, while commercial vehicles and 3-wheelers saw relatively slower expansion. Leading manufacturers such as Ola Electric, Tata Motors, and Mahindra & Mahindra recorded strong performances in their respective segments. However, some brands experienced a dip in sales compared to the previous year.

Segment-Wise Performance: 2-Wheelers and SUVs Take the Lead

  • Passenger EVs: The segment witnessed robust demand, with SUVs dominating the sales charts.
  • Two-Wheelers: Led by Ola Electric and other key players, this category continued its upward trend.
  • Three-Wheelers & Commercial Vehicles: While the segment expanded, growth was slower compared to passenger and 2-wheeler EVs.

A significant boost came from the reinstatement of subsidies for electric cargo 3-wheelers, leading to a surge in demand. The segment saw sales of 80,546 units following the launch of the revised scheme.

Future Projections: EV Market Set for Accelerated Growth

India’s EV industry is on track for substantial expansion, with an anticipated compound annual Growth Rate (CAGR) of 43%, potentially reaching 9,32,000 units by 2030. Key expectations include:

  • Electric SUVs dominate 61% of total demand.
  • 30-35 new EV models are anticipated to launch in 2025.
  • Increased market penetration across all segments, driven by government incentives and OEM commitments.

Government Support and Consumer Adoption Fuel Growth

The Ministry of Heavy Industries continues to support the transition to clean mobility through subsidies and incentives, making EV adoption more viable for consumers. Additionally, rising environmental awareness and stronger commitments from Original Equipment Manufacturers (OEMs) are expected to further propel the market forward.

As India moves towards a sustainable automotive future, the EV ecosystem is set to evolve with more product innovations, increased charging infrastructure, and greater affordability. With growing acceptance and favourable policies, the sector is poised for a dynamic shift in the coming years.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

India – EFTA Trade Pact: US$ 100 Billion FDI Commitment Could Unlock US$ 400-500 Billion Investment

The recently announced Trade and Economic Partnership Agreement (TEPA) between India and the European Free Trade Association (EFTA) is set to bring substantial foreign investment to India. According to Union Minister of Commerce & Industry, Mr. Piyush Goyal, EFTA nations—comprising Iceland, Liechtenstein, Norway, and Switzerland—have pledged Rs. 8,74,500 crore (US$ 100 billion) in Foreign Direct Investment (FDI) over the next 15 years.

This agreement, expected to be implemented by the end of the year, has the potential to catalyse Rs. 34,98,000 crore – 43,72,500 crore (US$ 400-500 billion) in overall investment proposals. With such a significant capital influx, India aims to bolster its economic landscape and strengthen its global trade position.

Boosting Employment and Economic Growth

One of the major highlights of the agreement is its potential to generate employment on a massive scale. As per estimates, the FDI commitment could directly and indirectly create 5 to 6 million jobs, significantly contributing to India’s workforce.

The trade pact also opens avenues for businesses in EFTA countries to expand their presence in India. To facilitate smoother operations, a dedicated EFTA Desk will be established in India to provide regulatory assistance, market insights, and networking support.

Enhanced Trade Benefits and Market Access

The TEPA agreement is expected to ease trade barriers, enabling the import of premium products such as Swiss watches, chocolates, and polished diamonds at lower or zero duties. This could lead to increased consumer demand and enhance business opportunities for both Indian and EFTA companies.

Additionally, India has committed to offering dedicated industrial enclaves for EFTA companies, ensuring streamlined investment processes and fostering long-term economic partnerships.

India-EFTA Trade and Investment Outlook

In the financial year 2023-24, trade between India and EFTA nations amounted to Rs. 2,09,880 crore (US$ 24 billion), with Switzerland emerging as India’s largest trading partner among the four nations. The newly agreed FDI commitments are expected to further boost this trade volume, paving the way for a more integrated economic relationship.

With India’s focus on enhancing its manufacturing, services, and technology sectors, the influx of investments from EFTA countries could act as a catalyst for sustained economic growth. The TEPA trade pact marks a significant step towards strengthening India’s global trade footprint while ensuring employment generation and industrial expansion.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

India’s Pharma Exports Set to Surge 10x, Aiming for ₹30,76,500 Crore by 2047

India, long recognised as the pharmacy of the world, is set to experience a significant expansion in pharmaceutical exports. With a target of ₹30,76,500 crore (US$ 350 billion) by 2047, the country’s pharma industry is expected to grow 10 to 15 times from its current export value of ₹2,37,330 crore (US$ 27 billion) in 2023.

The roadmap for this growth involves shifting from a volume-based approach to a value-driven strategy, focusing on speciality generics, biosimilars, and high-value pharmaceutical innovations.

A Transition Towards High-Value Products

Historically, India has dominated the global generic drugs market, supplying over 20% of the world’s generic medicines. However, to reach the ambitious 2047 export target, the industry is gearing up for a strategic transformation. Key focus areas include:

  • Expanding the Active Pharmaceutical Ingredients (API) segment
  • Scaling up biosimilar exports
  • Enhancing the role of specialty generics
  • Investing in innovative formulations and advanced R&D

By 2030, India’s pharma exports are projected to reach ₹5,71,350 crore (US$ 65 billion) before further expanding to ₹30,76,500 crore (US$ 350 billion) by 2047.

API and Biosimilar Exports to Drive Growth

A recent news report highlights that API exports are expected to surge from ₹43,950 crore (US$ 5 billion) in 2023 to between ₹7,03,200 crore and ₹7,91,100 crore (US$ 80-90 billion) by 2047.

Similarly, biosimilar exports are anticipated to grow fivefold, reaching ₹2,63,700 – ₹3,07,650 crore (US$ 30-35 billion). The emphasis on biosimilars aligns with the global demand for cost-effective alternatives to biologic drugs.

Meanwhile, generic formulations, which currently make up the largest share of India’s pharma exports, are expected to scale up to ₹15,82,200 – ₹16,70,100 crore (US$ 180-190 billion) by 2047, with an increasing share of speciality generics that offer higher profit margins.

Strategic Investments and Policy Support

For India to sustain this exponential export growth, a combination of government support, industry collaboration, and private-sector investment will be required. Key enablers include:

  1. Stronger policy frameworks – Ensuring regulatory compliance and streamlined approvals for new drug development.
  2. Boosting R&D investments – Encouraging research in high-value segments like biologics and personalised medicine.
  3. Strengthening CDMO and CRO partnerships – Enhancing India’s role in contract development and research to meet global demand.
  4. Scaling production capacity – Expanding manufacturing infrastructure to cater to growing international markets.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Promoting Sustainable Tourism in India: Strategies and Initiatives

Tourism is a significant contributor to India’s economy, but its rapid growth also presents environmental and socio-economic challenges. Recognising this, the Ministry of Tourism has formulated a National Strategy for Sustainable Tourism, focusing on key pillars that ensure responsible travel while preserving natural and cultural heritage.

Strategic Pillars of Sustainable Tourism

The Ministry has identified 6 strategic pillars to guide sustainable tourism development in India:

  1. Promoting Environmental Sustainability – Encouraging eco-friendly tourism practices, reducing carbon footprints, and promoting conservation initiatives.
  2. Protecting Biodiversity – Safeguarding natural ecosystems, ensuring responsible wildlife tourism, and preserving fragile habitats.
  3. Promoting Economic Sustainability – Supporting local businesses, creating employment opportunities, and fostering inclusive economic growth.
  4. Promoting Socio-Cultural Sustainability – Preserving local traditions, engaging indigenous communities, and maintaining cultural heritage.
  5. Scheme for Certification of Sustainable Tourism – Establishing certification systems to recognise and reward responsible tourism operators.
  6. IEC and Capacity Building Governance – Enhancing awareness through Information, Education, and Communication (IEC) and strengthening governance frameworks.

Travel for LiFE Initiative: Encouraging Responsible Tourism

To promote mindful travel, the Ministry has launched the Travel for LiFE Initiative. This programme encourages tourists and tourism businesses to adopt responsible practices that minimise environmental impact and support local communities. Through targeted awareness campaigns, it seeks to drive a behavioural shift in how tourism resources are consumed.

Swadesh Darshan 2.0: Sustainable Destination Development

As part of its efforts, the Ministry has revamped the Swadesh Darshan Scheme into Swadesh Darshan 2.0 (SD2.0). Unlike its predecessor, SD2.0 follows a destination-centric approach, ensuring that tourism infrastructure development aligns with sustainability goals. Key focus areas include:

  • Developing eco-tourism zones
  • Enhancing Cultural Heritage Sites
  • Promoting adventure and wellness tourism

A list of sanctioned projects under SD2.0 highlights investments in eco-tourism experiences, heritage conservation, and community-based tourism across multiple states.

Government Support and Financial Commitments

To implement these sustainable tourism initiatives, the government has sanctioned several projects across different states under schemes such as PRASHAD (Pilgrimage Rejuvenation and Spiritual Augmentation Drive) and Swadesh Darshan. Significant funding allocations have been made to:

  • Enhance pilgrimage tourism infrastructure
  • Develop heritage circuits
  • Improve tourist facilities in ecologically sensitive regions

Detailed financial reports show allocations exceeding ₹5,000 crore for Swadesh Darshan projects and ₹1,500 crore for PRASHAD projects, ensuring robust support for sustainable tourism development.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

AstraZeneca Pharma India Receives Warning Letter from NSE Over Regulations

AstraZeneca Pharma India Ltd. has come under regulatory scrutiny after receiving a warning letter from the National Stock Exchange of India (NSE). The notice, issued on 7 February 2025, cites non-compliance with SEBI’s Listing Obligations and Disclosure Requirements (LODR). The company failed to meet the mandatory quorum for an audit committee meeting, prompting NSE to take the matter seriously.

Non-Compliance with SEBI Listing Regulations

According to NSE, AstraZeneca Pharma India did not adhere to Regulation 18(2)(b) of LODR during an audit committee meeting held on 27 May 2024. The regulation requires that the quorum for such meetings must include at least two independent directors. However, the meeting in question had only one independent director present, leading to a breach of compliance standards. NSE has emphasised that such violations will not be overlooked.

Corrective Measures and Future Compliance

Following this non-compliance, NSE has advised AstraZeneca Pharma India to take corrective actions and exercise greater caution in the future. The exchange has directed the company to ensure strict adherence to regulatory requirements to prevent further lapses.

Additionally, the company has been instructed to present the warning letter and the measures taken for rectification to its board of directors. NSE has also warned that any future deviations will be dealt with seriously and could lead to further regulatory action.

AstraZeneca Share Performance

As of February 11, 2025, at 2:30 PM, shares of AstraZeneca Pharma are trading at ₹7,424.90 per share, reflecting a decline of 1.62% from the previous day’s closing price. Over the past month, the stock has registered a surge of 5.11%.

Conclusion

AstraZeneca Pharma India Ltd. has been issued a warning by NSE for failing to comply with audit committee meeting regulations. The company is now required to take corrective steps and ensure full compliance with SEBI’s LODR to prevent further violations.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Sona BLW Precision Forgings Revises BTA with Escorts Kubota for RED Acquisition

Sona BLW Precision Forgings Ltd has made significant amendments to its business transfer agreement (BTA) with Escorts Kubota, expediting the timeline for acquiring the Railway Equipment Division (RED). Additionally, the company has approved the purchase of an industrial plot in Faridabad to support its expansion plans.

Revised Timeline and Transaction Terms

Sona BLW Precision Forgings Ltd has amended its BTA with Escorts Kubota, bringing forward the expected completion date for the RED acquisition from September 2025 to 1 May 2025. The company’s board approved these changes during a meeting on 10 February 2025, as disclosed in a regulatory filing.

The revisions include adjustments to the timeline for obtaining business-related registrations and modifications in payment terms. Under the new agreement, ₹1,600 crore of the transaction amount will be held in escrow and released in phases upon achieving specified milestones.

Purchase of Industrial Land in Faridabad

Alongside the revised BTA, Sona BLW’s board has sanctioned the acquisition of a 33,423-square-yard industrial plot in Sector 24, Faridabad, from Escorts Kubota for ₹110 crore. This land, currently occupied by Escorts Kubota’s spare parts division, is adjacent to the RED business site and is intended to facilitate Sona BLW’s future expansion. Escorts Kubota will relocate its spare parts operations before the land transfer is completed.

Sona BLW Precisions Share Performance

As of February 11, 2025, at 2:15 PM, shares of Sona BLW are trading at ₹509.90 per share, reflecting a decline of 2.92% from the previous day’s closing price. Over the past month, the stock has registered a loss of 9.18%.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

SAMHI Hotels To Sell 100% Stake in Duet India Hotels

On February 10, 2025, SAMHI Hotels Ltd. announced the signing of a Share Purchase Agreement (SPA) for the sale of its wholly owned subsidiary, Duet India Hotels (Chennai OMR) Private Limited. The agreement, executed between SAMHI Hotels Ltd., Duet Chennai OMR, and Greenpark Hotels and Resorts Limited, outlines the sale of a 100% stake in Duet Chennai OMR. Following the completion of this transaction, Duet Chennai OMR will no longer be a subsidiary of SAMHI Hotels Ltd.

Details of the Transaction

SAMHI Hotels Ltd. has agreed to transfer its entire stake in Duet Chennai OMR to Greenpark Hotels and Resorts Limited. The transaction has been valued at ₹535 million, representing the enterprise value of Duet Chennai OMR. The financial impact of this sale on SAMHI Hotels Ltd. has been disclosed, with Duet Chennai OMR contributing ₹94.87 million in revenue, accounting for 0.99% of the company’s consolidated revenue for the financial year 2023-24. However, its net worth stood at a negative ₹123.63 million, reflecting a 1.19% impact on SAMHI’s overall net worth.

Regulatory and Compliance Aspects

The agreement for the sale was executed on 10th February 2025, with the transaction expected to be completed on or before 1st April 2025. Greenpark Hotels and Resorts Limited, the acquiring company, is a registered entity in Hyderabad, Telangana, under the Companies Act, 1956. The deal does not involve any related party transactions and is conducted at arm’s length. Additionally, it does not fall under the scope of a slump sale or a Scheme of Arrangement under SEBI regulations.

SAMHI Hotels Share Performance

As of February 11, 2025, at 10:45 AM, shares of Sahmi Hotels Ltd. are trading at ₹158.98 per share, reflecting a surge of 2.92% from the previous day’s closing price. Over the past month, the stock has registered a loss of 11.81%. The stock’s 52-week high stands at ₹237.85 per share, while its 52-week low is ₹146.50 per share.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.