Simplex Projects has sold 16,31,400 equity shares constituting 51.21% of its wholly-owned subsidiary ‘Simpark Infrastructure’ on March 31, 2016. The company had earlier received board’s approval on March 28, 2016 for the same. The sale proceeds would be used for the company’s business purposes.
Simplex Projects is an India-based construction and engineering company. The Company is engaged in Engineering and Construction activities in India and across the world. The Company focuses on construction of bridges for railways, industrial projects, urban infrastructure and automated parking projects.
