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As on : 01-Aug-2026
Corporate News
01-Aug-2026     23:38

Mach Travel Solutions to divest 60% equity stake in Travexel Events and Travel

Mach Travel Solutions Limited, formerly known as Mach Conferences and Events Limited, announced it has approved the divestment of a 60% equity stake and 100% of redeemable preference shares in its subsidiary, Travexel Events and Travel Private Limited, to Mr. CHHATRAPAL SINGH YADAV, with the transaction expected to be completed on or before September 29, 2026. The divestment includes 15,000 equity shares and 485,000 preference shares, and Travexel will cease to be a subsidiary of Mach Travel Solutions Limited following the transaction, which does not constitute a related party transaction. Travexel contributed Rs 13,52,20,363 to the company’s consolidated turnover for the financial year 2025-26, and had a net worth of Rs (28,44,442) as of March 31, 2026.

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