Brief: Kisan Mouldings To Consolidate Manufacturing Business Activities
01/07/2019 10:20
July 1 (Reuters) - Kisan Mouldings Ltd KISM.BO :
* DECIDED TO CONSOLIDATE MANUFACTURING BUSINESS ACTIVITIES
OF CO
TO MAIN PLANT OF CO
* AUTHORIZED MANAGING DIRECTOR TO SELL/TRANSFER SURPLUS OR
NON-CORE BUSINESS ASSETS RESULTING FROM SUCH CENTRALIZATION/
CONSOLIDATION
* PROCEEDS OF SAID SELL / TRANSFER WILL BE UTILIZED TO
ACHIEVE
REDUCTION IN LONG TERM DEBT OF CO OF 210 MILLION RUPEES
Source text: http://bit.ly/2RJmMg4
Further company coverage: KISM.BO
((Reuters.Briefs@thomsonreuters.com;))
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