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Board of Rohit Ferro Tech approves proposal to sell unit in Orissa

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Capital Market
Last Updated : Dec 29 2014 | 9:15 PM IST

At meeting held on 29 December 2014

Rohit Ferro Tech announced that the Board of Directors of the Company at its meeting held on 29 December 2014, has approved the proposal to sell, transferor otherwise dispose of the Jaipur manufacturing unit of the Company located at Kalinganagar industrial Complex, P.O.: Duburi - 755 026, Dist.: Jajpur, Orissa as going concern by way of slump sale or otherwise, subject to the such approvals and permission as may be required for such sale.

Mr. Rohit Patni, Managing Director and Suresh Kumar Patni, Director of the Company has been authorized to negotiate the proposed deal with the prospective acceptable purchasers.

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First Published: Dec 29 2014 | 7:06 PM IST

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