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Board of McNally Bharat Engineering Company consider business realignment

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Capital Market

At meeting held on 23 October 2015

McNally Bharat Engineering Company announced that as a part of its business realignment strategy, the Board of Directors of the Company at their meeting held on 23 October 2015 has decided to transfer 100% holding of the Company in MBE Coal & Mineral Technology India (CMT India), a 99.99% subsidiary of the Company, to another subsidiary, McNally Sayaji Engineering.

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First Published: Oct 24 2015 | 11:33 AM IST

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