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Power Mech Projects identifies buyer for sale of stake in JV

Capital Market 

To sell 50% stake in for Rs 93 lakh

Power Mech Projects announced that with reference to the disinvestment of its entire shareholding in Power Mech - CPNED Services (Hong Kong) Holding Co., Joint Venture (50%) of Power Mech Projects, the company has identified the buyer (3RS General Trading LLC, UAE) and the terms and conditions are finalized between the parties. The consideration for the proposed sale is approx. Rs 93 lakh.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, March 26 2018. 10:44 IST
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