Gillanders Arbuthnot & Company has informed that Board of Directors of the Company at its Meeting held on 9th March, 2017 has approved the sale and transfer of its entire shareholding of 99.99% i.e. 1,47,29,995 numbers of fully paid up Equity Shares of Rs 10 each in Waldies Compound (Formerly Barfani Builder), an Indian Subsidiary of the Company, at a total consideration of Rs 21,06,38,929 in favour of the Transferees/ Buyers as mentioned in Point E of Annexure A.
The above information is a part of company’s filings submitted to BSE.
