BSE - Corporate Announcement

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29 Apr 24 | 10:43 | Open

Corporate Announcement

Company

Bhagyanagar India Ltd

Scripcode

512296

Intimation Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations") | 1/27/2024 2:12:23 PM

Pursuant to the approval of Board Directors dated 25th August, 2023 and shareholders approval dated 27th September, 2023 a slump sale transaction of the copper business from Bhagyanagar India Limited to Bhagyanagar Copper Private Limited, a wholly owned subsidiary has been executed with effect from 1st janauary, 2024 for a consideraton of Rupees 60.05 Crores subject to necessary working capital adjustmet till the closing date which is likely to be 31-03-2024. The Board has considered and taken note of the same.

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