VIP Industries today informed the Bombay Stock Exchange that its board of directors has given in principle approval for sale of its manufacturing unit in Satara district of Maharashtra.

The value of the unit has been estimated at Rs 4.7 crore. VIP Industries had discontinued manufacturing operations from the unit in December 2007.

Other Stories      - Budget hopes boost Sensex - Wheat futures rise after govt lifts export ban - 50,000 in south China evacuated after rains causes floods - Orders on lie detection plea on July 9 - BSP to launch state-wide protest against fuel price hike - Centre has failed to tackle naxalite problem: BJP   Read Business news in  Advertisements   The most passionate motoring online website for motoring enthusiasts   Smart IT Strategies for Uncertain Times   Renew Your Car Insurance with Tata-AIG AutoSecure   Choose smart affordable IT solutions and meet customer expectations   Required : Sales executive at Bangalore, Click here to apply   Unique Maritime Investment opportunity - U.S. based Group dealing in piracy protection force   Download the E-book on the Future of Business Intelligence   Learn Best Practices for improving customer satisfaction   Know your customers better... download the free e-book on CRM