Corporate News     29-Apr-15
Board of NELCO decides to seek shareholders approval for sale of businesses
At meeting held on 28 April 2015
NELCO announced that the Board of Directors of the Company at its meeting held on 28 April 2015 has accorded its consent to seek shareholders approval for sale/transfer of Company's -

Unattended Ground Sensors Business to Tata Power Company with effect from 01 October 2014 as a going concern on slump sale basis for a consideration of Rs 8.31 crore and

Managed Services Business to Securens Systems with effect from 01 April 2015 as a going concern on slump sale basis for a consideration of Rs 2.10 crore.

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