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Coimbatore, June 9 Dhandapani Finance Ltd’s Board of Directors at its meeting held on June 9 has approved the sale of the business of the company, including all its tangible and intangible assets and non-tax liabilities, by way of a slump sale, as defined in the Income Tax Act, 1961, to Zwirn Pragati Capfin Pvt Ltd, an NBFC with its registered office in Amritsar and Corporate Office in Delhi (ZP), for a consideration of not less than Rs 41 crore. The Board also decided, due to market conditions, to withdraw the rights issue.

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