New Launch29 Oct 2025, 12:30 pm
MSTC Ltd Enters Selling Agency Agreement with Karnataka State Excise Department for E-Auction of Liquor Shop Licenses
AI Summary
MSTC Ltd has been selected by the State Excise Department, Government of Karnataka to conduct e-auction for granting licenses for liquor shops in the state. The agreement is valid until either party terminates it. MSTC will earn commission on the highest bid value. The promoter/promoter group/group companies do not have any interest in the entity that awarded the order and it does not fall under related party transactions.
Key Highlights
- MSTC Ltd to conduct e-auction for Karnataka liquor shop licenses
- Agreement valid until terminated by either party
- Commission earned on highest bid value
- No interest of promoter/promoter group/group companies in the entity
- Not a related party transaction