Board of Chambal Fertilisers & Chemicals approves sale of ship - Ratna Shalini

At meeting held on 02 May 2017

Chambal Fertilisers & Chemicals announced that the Board of Directors of the Company at its meeting held on 02 May 2017 has approved the sale and disposal of one of the ships of the Company viz. Ratna Shalini for a consideration of USD 24.5 million to Rialto Navigation S.A., Liberia. The book value of the ship- Ratna Shalini was Rs. 194.04 crore as on 31 March 2017. The sale of aforesaid ship is expected to be completed by 15 July 2017. The Buyer does not belong to the promoter/ promoter group/ group companies and the said transaction is not a related party transaction.

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