At meeting held on 20 November 2017
The Board of Gammon India at its meeting held on 20 November 2017 has accorded its approval for entering into an agreement for sale of its step down subsidiary 'SAE Powerlines S.r.l' (which is held through ATSL Holdings BV) to Sterling & Wilson International FZE.SAE Powerlines S.r.l, is a limited liability company incorporated under the laws of Italy, and is in the business of building Power Transmission and Distribution lines. Sterling & Wilson International FZE is a subsidiary of M/s Sterling & Wilson.
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