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Board of AMD Industries approves to divest stake in subsidiary

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Capital Market
Last Updated : Feb 10 2015 | 8:41 PM IST

At meeting held on 10 February 2015

AMD Industries announced that the Board of Directors of the Company at its meeting held on 10 February 2015, inter alia, has approved to sell off, in part or whole, of the investment, held by the Company in equity shares of its subsidiary, AMD Estates & Developers (AEDPL) to any of its associated entities/person. It is also informed that upon sale of equity shares equal to or more than 2% AEDPL shall not remain the subsidiary of the Company.

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First Published: Feb 10 2015 | 6:22 PM IST

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