Brief: S.P. Apparels Says To Sell Retail Division On A Going Concern Basis To S.P. Retail Brands Limited

S.P.Apparels

23/01/2020 12:14

Jan 23 (Reuters) - S. P. Apparels Ltd  SPAP.NS :
    * SAYS  DECIDED TO SELL RETAIL DIVISION ON A SLUMP SALE /
GOING
CONCERN BASIS TO S.P. RETAIL BRANDS LIMITED
    * SAYS CASH SETTLEMENT WILL BE PARTLY MADE IMMEDIATE AND
PARTLY
THROUGH DEFERRED PAYMENT.
    * TOTAL CONSIDERATION OF DEAL WILL BE 810 MILLION RUPEES
WHICH
WILL BE SETTLED BY S.P. RETAIL BRANDS

Source text for Eikon:  ID:nBSE2rS4ck 
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