Sigma Advanced Systems Completes Sale of Investment in Extrovis AG for USD 15 Million
Sigma Advanced Systems Limited has successfully completed the sale of its 36.52% stake in Extrovis AG, Switzerland. The company received the sale consideration of USD 15,000,000 (approximately ₹137.61 Crores). This concludes the divestment of its investment in the Swiss entity.
The sale of an investment, while positive, is not a core operational change and its impact on the company's overall financial health would depend on the scale of this investment relative to the company's total assets.
The sale of an investment and receipt of consideration is a positive financial event for the company.
Sigma Advanced Systems Limited (formerly Megasoft Limited) has announced the successful completion of the sale of its 36.52% shareholding in Extrovis AG, Switzerland. The company has received the sale consideration amounting to USD 15,000,000, which is approximately ₹137.61 Crores. This transaction marks the conclusion of the sale of the Company's investment in Extrovis AG, Switzerland, as previously disclosed on July 1, 2025, July 7, 2025, and August 7, 2025.
This disclosure is made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has requested stakeholders to take this information on record.
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SIGMA ADVANCED SYSTEMS LIMITED filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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