Blog Disclaimer ; Please Recheck all Information before taking any investment decision
==============================================
It appears C and S Electric has sold to Siemens bulk of its manufacturing facilities .
It appears that other businesses are , now , being sold to a Private Limited Co. Neeru Holding Private Ltd , owned by the Pomoters.
Special Resolutions are being got approved by Postal ballot.
- Entire shareholding in Cand S Electric International B.V. , wholly owned foreign subsidiary to Neeru Holdings Private Ltd . for Rs. 25 crore
- Sale of Lighting division , MV Switchgear Div , Diesel Genset Div to Neeru Holding Private Ltd for Rs. 148 cr
-------------
Official site
https://cselectric.co.in/about-us/
2 comments:
Is this sale good for minority Shareholder or we must vote against it.
The sale appears to be at an under priced consideration.
Post a Comment