Divestment27 Aug 2026, 01:10 pm
Nyssa Corp Board Approves Sale of Om Vasistha Developers
AI Summary
Nyssa Corporation Ltd announced that its Board of Directors has approved the sale of its entire stake in the associate firm, Om Vasistha Developers. This sale includes all assets and liabilities of the proprietorship firm. The transaction is subject to the approval of the shareholders, which will be sought through a postal ballot or an Extra-ordinary General Meeting (EOGM). The board meeting commenced at 11:30 AM and concluded at 1:00 PM.
Key Highlights
- Board approved sale of entire stake in Om Vasistha Developers.
- Sale includes all assets and liabilities of the firm.
- Shareholder approval required via postal ballot/EOGM.
- Transaction pertains to a proprietorship firm.
- Board meeting held today, details of duration provided.
Price Impact
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