W S Industries India Ltd sells subsidiary to TAFE Motors and Tractors Ltd

Pursuant to approval of the Shareholders through Postal Ballot Notice dated 12th January 2022 and the result dated 22nd February 2022, W S Industries India Ltd has undertaken to sell 70000 equity shares of Rs.10/- each held by it in its subsidiary company, M/s.Vidagara Tech Park Private Limited (the "Subsidiary") to M/s.TAFE Motors and Tractors Limited, for an aggregate consideration of Rs. 7,00,000/-. For this purpose, a share purchase agreement was entered on 3rd March 2022 and the closing shall occur on 4th March 2022.

The Buyer does not belong to promoter group.

Source : Equity Bulls

Keywords

WSIndustriesIndia StakeSale Subsidiary VidagaraTechPark TAFEMotors