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Modison Metals gets nod to divest equity investment held in subsidiary Company

31 Jan 2019 Evaluate

Modison Metals has received approval from its board for divestment of 60% equity held in Modison Contacts, subsidiary Company. The sale value of the investment is determined based upon the independent valuation report.

Modison Metals manufactures and markets electrical contacts for low, medium, high, and extra high voltage switchgear industries in India and internationally.


Peers
Company Name CMP
Waaree Energies 2342.90
Apar Industries 17648.65
Havells India 1040.60
Suzlon Energy 38.96
Siemens 3790.00
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