Corporate News 28-Jul-23
Authum Investment to sell 35% stake held in MEPL to Welspun Engineers
Authum Investment & Infrastructure has executed a Share Purchase Agreement dated 27 July 2023, with inter alia Welspun Enterprises (the purchaser), to sell 36.05% of its equity stake from out of 47% in its Associate Company, Michigan Engineers (MEPL) subject to necessary approvals as per the agreement.
Hence, MEPL shall cease to be associate of the company on completion of the transaction.
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