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Power Mech Projects identifies buyer for sale of stake in JV

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Capital Market
Last Updated : Mar 26 2018 | 11:04 AM IST

To sell 50% stake in Power Mech - CPNED Services (Hong Kong) Holding Co. for Rs 93 lakh

Power Mech Projects announced that with reference to the disinvestment of its entire shareholding in Power Mech - CPNED Services (Hong Kong) Holding Co., Joint Venture (50%) of Power Mech Projects, the company has identified the buyer (3RS General Trading LLC, UAE) and the terms and conditions are finalized between the parties. The consideration for the proposed sale is approx. Rs 93 lakh.

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First Published: Mar 26 2018 | 10:44 AM IST

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