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Kec International Ltd. - Announcement under Regulation 30 (LODR)-Diversification / Disinvestment

| Updated on February 08, 2019 Published on February 08, 2019

We refer to our letter dated November 3, 2018, wherein we had informed that the Company has entered into a Share Purchase Agreement to sell its entire stake in its subsidiary namely KEC Bikaner Sikar Transmission Private Limited to Adani Transmission Limited, subject to regulatory and other approvals. Further vide our letter dated December 31, 2018 and January 31, 2019 we had informed about extension of Long Stop Date to January 31, 2019 and February 15, 2019 respectively.

We are pleased to inform that the Company has completed the sale of its entire stake in KEC Bikaner Sikar Transmission Private Limited today on February 08, 2019, after obtaining the requisite regulatory and other approvals. Consequently KEC Bikaner Sikar Transmission Private Limited ceased to be the subsidiary of the Company effective today.

Pdf Link: Kec International Ltd. - Announcement under Regulation 30 (LODR)-Diversification / Disinvestment

Source : BSE - www.bseindia.com

Published on February 08, 2019
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