AJR Infra And Tolling Ltd - Announcement under Regulation 30 (LODR)-Diversification / Disinvestment
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| 28 Oct 2021 | |
| In continuation of our disclosure dated 7th June, 2021, regarding stake sale of upto 35% of the paid up capital of Vizag Seaport Private Limited ('VSPL'), an unlisted material subsidiary of the Company, pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), we wish to inform you that the Board of Directors of the Company at its meeting held on 27th October, 2021 has approved to sell and transfer 2,87,73,117 equity shares of Rs.10/- each i.e. 33.00% equity stake held by the Company in VSPL to Shripriya Ports Private Limited ('SPPL') for a total consideration of Rs.26.40 Crores on the terms and conditions as contained in the draft SPA to be executed between the Company, VSPL and SPPL. Upon completion of the formalities comprised under SPA, VSPL would cease to be the subsidiary of the Company. <BR> | |
| View all announcements for AJR Infra And Tolling Ltd | Source: BSE India |
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