Brief: Soktas Tekstil Divests 100 Pct Shares Of Unit Soktas India Private To Grasim Industries Limited At Equivalent Of 125.6 Mln Lira

Soktas Tekstil Sanayi ve Ticaret

06/03/2019 06:38

March 6 (Reuters) - SOKTAS TEKSTIL  SKTAS.IS :
    * SAID ON TUESDAY HAS DECIDED TO DIVEST 100 PERCENT SHARES
OF
INDIA-BASED UNIT SOKTAS INDIA PRIVATE LIMITED TO GRASIM
INDUSTRIES LIMITED AT INR 1.13 BILLION (125.6 MILLION LIRA)   
    * EXPECTS ITS CONSOLIDATED CORPORATE AND FINANCIAL DEBT TO
DECREASE BY AROUND 115.0 MILLION LIRA AFTER DIVESTITURE

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nIKA7TdGHp
    
 Further company coverage:  SKTAS.IS  
   


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