Business Update18 Nov 2025, 01:02 pm
Bombay Burmah Trading Corporation Terminates Agreement with MSTC Limited
AI Summary
The Bombay Burmah Trading Corporation Ltd has terminated its agreement with MSTC Limited, which was entered to engage MSTC as a Selling Agent for sale of immovable properties through MSTC’s e-auction website. The termination was due to the unsuccessful and inconsistent online bidding process, which did not align with the Corporation’s strategies. The termination does not have any material impact.
Key Highlights
- The Bombay Burmah Trading Corporation Ltd has terminated its agreement with MSTC Limited.
- The agreement was entered to engage MSTC as a Selling Agent for sale of immovable properties through MSTC’s e-auction website.
- The termination was due to the unsuccessful and inconsistent online bidding process.
- The termination does not have any material impact.