AMD Industries has informed that the Board of Directors of the Company at its meeting held on February 10, 2015, inter alia, has approved to sell off, in part or whole, of the investment, held by the Company in equity shares of its subsidiary, AMD Estates & Developers Private Limited (AEDPL) to any of its associated entities/person. It is also informed that upon sale of equity shares equal to or more than 2% AEDPL shall not remain the subsidiary of the Company.
The above information is a part of company’s filings submitted to BSE.
