arrow-left

Barak Valley Cements to divest 100% equity investment in Goombira Tea

  • India Infoline News Service |
  • 01 Jan, 2021 |
  • 10:53 AM
Barak Valley Cements Limited has approved divestment of 100% equity investment held by the company in subsidiary Goombira Tea Company Limited.

“The members of the company in the 21st Annual General Meeting duly held on December 30, 2020, at its registered office at Debendra Nagar, Jhoombasti, P.O. Badarpurghat, Distt. Karimganj, Assam, by way of special resolution have approved divestment by way of sale, transfer or disposal of 100% equity investment held by the company in Goombira Tea Company Limited (Wholly Owned Material Subsidiary) on such terms and conditions as the Board of Directors of the company may deem fit and appropriate in the interest of the company,” Barak Valley Cements Limited said in a regulatory filing on Thursday.

According to the filing, the agreement is yet to be executed and the buyer is Sushil Kumar Sharma and its associates.

Barak Valley Limited stock was yet to trade on Friday.

Invest wise with Expert advice

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
ad IconAd Image

Most Read News

Article Image
  • 14 March, 2022 |
  • 7:03 AM

The US Federal committee's meeting will conclude on March 16, 2022.

Most Shared News

No Record Found