Acquisitions25 Dec 2023, 12:13 am
INDSIL HYDRO POWER AND MANGANESE LTD. TO SELL 100% STAKE IN SUBSIDIARY FOR USD 38 MILLION
AI Summary
The company has signed a term sheet to sell its 100% stake in M/s. Al-Tamman Indsil Ferro Chrome LLC to M/s. LL Resources GMBH, Austria for a total sale consideration of USD 38 million, subject to relevant approvals and final sale consideration may vary pursuant to commercial adjustments and commissions to be paid.,
Key Highlights
- Company to sell 100% stake in subsidiary for USD 38 million
- Transaction subject to relevant approvals and final sale consideration may vary
- Company entitled to 50% of the sale consideration