GMM Pfaudler announced that it entered into a binding term sheet with De Dietrich Process Systems India (DDPSI) for itemized sale of their manufacturing facility at Hyderabad, Telangana.
The state of the art facility equipped to manufacture Glass Lined Equipment is located at Nacharam Industrial Estate, 15 Kms away from Secunderabad, Telangana and spread across an area of 6 acres.
A consideration of Euro 6.25 million will be paid for the proposed transaction subject to completion of the final due diligence and other documentation.
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