Transaction expected to complete on 15 April 2018
XPRO India announced that Company has entered into a 'Term Sheet' on 28 February 2018 (which is subject to necessary approvals and signing of Definitive Agreement) to sell / transfer the Pithampur Unit of the Company situated at Plot No. 78, Sector III, Industrial Area, Pithampur - 454774, Dist. Dhar, Madhya Pradesh, on 'as is where is' basis at a consideration of Rs. 14 crore for Fixed Assets, with JKM Ventures (which does not belong to and has no connection whatsoever with the Promoter/Promoter Group/Group Companies). The transaction is not a Related Party Transaction. The expected date of completion of sale is 15 April 2018 (subject to necessary approvals).Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app