Brief: Dynamatic Technologies Says Divestment Of Auto Division At Chennai

Dynamatic Technologies

31/12/2018 13:34

Dec 31 (Reuters) - Dynamatic Technologies Ltd  DYNM.NS :
    * DYNAMATIC TECHNOLOGIES - W.R.T DIVESTMENT OF CO'S AUTO
DIVISION
AT CHENNAI, CO EXECUTED 'BUSINESS TRANSFER AGREEMENT' WITH
HI-TECH ARAI
    * SAYS COMPANY WILL RECEIVE 400 MILLION RUPEES AS
CONSIDERATION
FOR TRANSFER
    * SAYS PURCHASER HAS AGREED TO ACQUIRE INVENTORIES OF AUTO
DIVISION (APPROXIMATELY AROUND 55-65 MILLION RUPEES)

Source text - https://bit.ly/2AohQWx
Further company coverage:  DYNM.NS 

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