McNally Bharat Engineering Company has informed that as a part of its business realignment strategy, the Board of Directors of the Company at their meeting held on October 23, 2015 has decided to transfer 100% holding of the Company in MBE Coal & Mineral Technology India Private (CMT India), a 99.99% subsidiary of the Company, to another subsidiary, McNally Sayaji Engineering.
The above information is a part of company’s filings submitted to BSE.