Wednesday, April 1, 2009

1st April 2009

Voltas - Transfer of Chemicals Trading Business
Voltas Ltd has informed BSE that the Company has on 31st March, 2009 (the Closing Date) transferred its Chemicals Trading business to DKSH India Pvt Ltd for a lump-sum consideration of Rs. l5.85 crores. The lump-sum consideration amount is after making necessary adjustments on account of certain conditions precedent and due to difference between the Assumed Net Asset Value (NAV) and the NAV of the Chemicals Trading business on the Closing Date.
Current price INR 49.50
Mcap +1638 cr
Biz -
Voltas Limited offers engineering solutions for a spectrum of industries in areas, such as heating, ventilation and air conditioning (HVAC), refrigeration, electro-mechanical projects, textile machinery, machine tools, mining and construction equipment, materials handling, water management, building management systems, indoor air quality and chemicals.
Interesting
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Spanco - Sale of Equity Shares of Vihaan Networks

Spanco Ltd has informed BSE that the Company has sold its entire holding of 42,86,000 equity shares in Vihaan Networks Ltd.

Current price INR 30.90
Mcap 63.8 cr
Spanco Telesystems and Solutions Limited is an India-based company. The Company operates in two business segments: telecom integration and business process outsourcing (BPO). The telecom segment is engaged in the providing a range of solutions in the telecom system integration domain, including network engineering services and software sales. The BPO services focuses on international call center operations. Its subsidiaries include Global Respondez Inc., Spanco (S) Pte., Limited, Spanco Limited, Spanco Europe Limited, Skandsoft Technologies Private Limited, Spanco Global Solutions Private Limited and Spanco BPO Ventures Limited.

Not interesting
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