Corporate News     26-Oct-23
Macrotech Developers to divest its stake in Palava Induslogic 3 (WoS)
Macrotech Developers has executed a Share Purchase Agreement (SPA) to sell its entire stake in Palava Induslogic 3 (PI3PL), a Wholly Owned Subsidiary (WoS) of the Company on, 25 October 2023 to NewCold India Holding B.V. (NewCold), Netherlands.

The transaction is expected to be completed by 08 January 2023. The company will receive a consideration of Rs 153.65 crore.

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