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PSP Projects divests 100% stake in wholly-owned subsidiary 'PSP Projects INC'

PSP Projects INC ceases to be a Wholly Owned Subsidiary of the Company.

December 24, 2021 11:54 IST | India Infoline News Service
PSP Projects Ltd has informed that the Company has divested its 100% stake in PSP Projects INC, a Wholly Owned Subsidiary Company on December 23, 2021. Subsequently, PSP Projects INC ceases to be a Wholly Owned Subsidiary of the Company.

The Total revenue of PSP Projects INC as on December 31, 2020: USD 2,58,813.00 and Net Worth as on December 31, 2020: USD (4,29,880.23).

The buyer is PSP Fremont LLC and it does not belong to the promoter group/group companies.

At around 11:53 AM, PSP Projects was trading at Rs469.10 apiece up by Rs4.15 or 0.89% on Sensex.

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