Corporate News 26-Mar-18
Power Mech Projects identifies buyer for sale of stake in JV
To sell 50% stake in Power Mech - CPNED Services (Hong Kong) Holding Co. for Rs 93 lakh
Power Mech Projects announced that with reference to the disinvestment of its entire shareholding in Power Mech - CPNED Services (Hong Kong) Holding Co., Joint Venture (50%) of Power Mech Projects, the company has identified the buyer (3RS General Trading LLC, UAE) and the terms and conditions are finalized between the parties. The consideration for the proposed sale is approx. Rs 93 lakh.
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