Sadhav Shipping Limited (“Sadhav” or “the Company”) has announced a strategic divestment of one of its assets as part of its long-term business realignment plan. The agreement for sale was entered into with M/s. Brooklyn Offshore Limited on 1st September 2025 and with M/s. Sadhav Shipping Limited on 2nd September 2025, with completion expected by 25th September 2025.
Under the deal, Sadhav Shipping will receive a consideration of USD 4.5 million (approximately ₹37.4 crore). The transaction is aimed at capitalising on prevailing high asset prices in the international market and re-aligning resources toward the Company’s core growth areas.
According to the disclosure:
Parties Involved:
- M/s. Brooklyn Offshore Limited
- M/s. Sadhav Shipping Limited
Expected Completion Date: 25th September 2025
Consideration: USD 4.5 million (approx. ₹37.4 crore)
Reason for Sale: Strategic divestment to leverage high asset valuations and re-align resources.
The Company confirmed that neither of the counterparties belongs to its promoter, promoter group or group companies, and the transaction does not fall under related party transactions. The sale is being carried out outside any scheme of arrangement, and Sadhav Shipping will comply with Regulation 37A of SEBI’s LODR Regulations as required.
Sadhav Shipping stated that the divestment reflects its focus on optimising its asset portfolio to enhance shareholder value and fund future expansion initiatives.
SAR Televenture to Acquire Additional 19.93% Stake in Tikona Infinet for ₹149.5 Crore
SAR Televenture Limited has signed a Share Purchase Agreement (SPA) with L&T Finance Limited to acquire its 19.93% stake in Tikona Infinet Private Limited for a total consideration of ₹149.50 crore.
The acquisition will further consolidate SAR Televenture’s shareholding in Tikona, strengthening its long-term strategic vision and commitment to India’s broadband and digital infrastructure sector.
Under the terms of the agreement and subject to regulatory approvals, ₹30 crore will be paid upfront, while the balance consideration will be settled through a share swap at the same price offered under the earlier SPA executed with Tikona’s majority shareholders.
The transaction is expected to simplify Tikona’s shareholding structure and pave the way for its next phase of growth. It also reflects the collaborative approach of all stakeholders in creating a stable and forward-looking framework for the company’s expansion.
About SAR Televenture Limited
SAR Televenture Limited is a fast-growing telecom infrastructure and digital connectivity company focused on building and leasing telecom towers, deploying fiber optic networks, and delivering Fiber-to-the-Home (FTTH) solutions. With a vision to accelerate India’s digital transformation, the company is committed to innovation, operational excellence and long-term value creation for its stakeholders.