With reference to the earlier letter dated November 10, 2016 wherein the Company had mentioned that the expected date for completion of the transaction as December 31, 2016, subject to regulatory approvals, Rane Holdings has now informed that as the terms of divestment are still under negotiation and regulatory approvals are awaited, the transaction is now expected to be completed by the end of this financial year viz., March 31, 2017, There is no material development in the transaction requiring disclosure.
The above information is a part of company’s filings submitted to BSE.
