Torrent Pharmaceuticals has sold 50,000 equity shares of UNM Foundation to its holding company, Torrent Investments Limited, for a total consideration of ₹5,00,000. The transaction was completed on 30th March 2026 at 19:40 pm.
UNM Foundation, a Section 8 company, does not contribute revenue or turnover, as per the regulatory filing. The shares, each with a face value of ₹10, were transferred without a formal sale agreement due to the internal nature of the transaction.
Torrent Investments Limited, the buyer, is the holding company and promoter of Torrent Pharmaceuticals. The sale is classified as a related party transaction and was conducted at arm’s length, according to the company’s disclosure.
The transaction does not involve a scheme of arrangement or a slump sale, making certain regulatory compliances inapplicable.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).