Due to macroeconomic and their short-term financial commitments, Osia Hyper Retai (Osia) is unable to fulfill its obligations under the Term Sheet. Accordingly, Osia has withdrawn its proposal to acquire 51% ownership with control in Infibeam Logistics. With the said withdrawal, Infibeam Logistics continues to remain a wholly owned subsidiary of the Company.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content