Corporate News 20-May-23
RattanIndia Enterprises to acquire technology biz of RattanIndia Technologies
RattanIndia Enterprises announced that the company has pursuant to approval granted by the Board at its meeting held on Thursday, 18th May 2023, agreed to enter into a Business Transfer Agreement with RattanIndia Technologies to purchase its Technology Business, as a going concern, on slump sale basis, for a lump sum consideration of Rs. 10 lakhs, without values being assigned to individual assets and liabilities, on the terms and conditions more specifically defined in the said agreement.
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