At meeting held on 15 July 2014
Sagar Cements announced that the Board of Directors of the Company at its meeting held on 15 July 2014 inter alia, has approved the sale of the entire 6,52,36,399 equity shares of Rs. 10/- each held by the company in its joint venture namely Vicat Sagar Cement for a total consideration of Rs.435 crore (approximately Rs.66.68 per equity share) to M/s. Parficim S.A.S., France, an affiliate of Vicat S.A., France. This approval is subject to further approval of our shareholders and other approvals, if any, required from the regulatory authorities concerned.Powered by Capital Market - Live News
