Board of DCM Shriram approves sale of subsidiaries in Indonesia and Vietnam

At meeting held on 27 January 2020

Jan 27, 2020 10:01 IST capital market

The Board of DCM Shriram at its meeting held on 27 January 2020 has approved the proposed sale of step down subsidiaries in Indonesia and Vietnam by Bioseed Holdings, a subsidiary of the Company in Singapore. The entities to be sold to Prasad Seeds Global, Singapore (buyer) include - PT Shriram Seed Indonesia, PT Shriram Genetics Indonesia and Bioseed Vietnam. The transaction is for a net consideration of USD 950,000.

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