Business Standard

Wednesday, December 25, 2024 | 12:57 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Board of Sayaji Industries decides to sell 40% of its stake in JV

Image

Capital Market

At meeting held on 03 July 2018

Sayaji Industries announced that the Board of Directors at its meeting held on 03 July 2018 has decided to sell 12,00,000 equity shares of Sayaji Sethness of the face value of Rs.10/- each held by the company, being 40% of the equity capital of Sayaji Sethness to Sethness Products Company USA, the joint venture partner of the company, for an aggregate consideration of the INR equivalent to USD 32,00,000 subject to completion of agreed conditions.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 04 2018 | 3:44 PM IST

Explore News