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506605 — Polychem News Story

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Brief: Polychem signs share purchase deal with AVX Corp, Gujarat Poly-AVX Electronics

Sept 15 (Reuters) - Polychem Ltd  POLY.BO : 
 * Entered share purchase/termination agreement with AVX Corporation, USA and 
   Gujarat Poly-AVX Electronics 
 
 * Source text: 
Polychem Ltd has informed BSE that the Company had signed Promoter's Agreement with AVX Corporation, USA on December 20, 1990 to form a Company called "Gujarat Poly-AVX Electronics Limited". By Mutual Consent, the Company has now entered into the Share Purchase cum Termination Agreement with AVX Corporation, USA and Gujarat Poly-AVX Electronics Limited thereby terminating the Original Promoters Agreement. 
 
 
 * Further company coverage  POLY.BO  
  ((Bangalore.newsroom@thomsonreuters.com))

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