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McNally Bharat Engineering Company informs about outcome of board meeting

24 Oct 2015 Evaluate

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.

Peers
Company Name CMP
Larsen & Toubro 3858.00
Kalpataru Projects 1335.50
NCC 114.55
Rail Vikas Nigam 179.80
KEC International 329.65
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