Sale of the Companys Thermosets Division at Ranjangaon

With reference to earlier announcement dated March 25, 2011, Xpro India Ltd has now informed BSE that on August 18, 2011, the Company has effected sale of the Companys Thermosets Division at Ranjangaon, engaged in the manufacture of Thermoset Moulding Powders & Synthetic Resins, at a consideration of Rs. 745 Million on a going concern and slump sale basis, to SI Group-India Limited in terms of the Business Purchase Agreement entered into, and shareholders & other relevant approvals.

Source : BSE - >

Published on August 18, 2011


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