BGR Energy Systems to sell investment in Sravanaa Properties

15 Feb 2019

BGR Energy Systems has received approval for sale of entire investment of the Company in its wholly owned subsidiary -- Sravanaa Properties. The board has approved the same in the meeting held on February 14, 2019. Sravanaa Properties owns landed property admeasuring about 6.18 acres situate at BEL Road, off mount poonamallee High Road, Nandambakkam, in Chennai.

The Board also authorized the Committee of Directors to explore opportunities and valuation of aforesaid investment for the purpose of sale transaction and do necessary acts for execution of the proposal. The proceeds of sale of investments will be utilized to shore up working capital or reduce debt of the Company.

BGR Energy Systems is a holding company. The company is engaged in construction and maintenance of power plants.

Related BGR Energy Systems Ltd. Links:

BGR Energy Systems Share Price

39.40 0.65 (1.68%) Aug 06, 12:19
1 Year Price Chart
Company Name CMP
Larsen & Toubro 928.40
NCC 31.35
KEC International 275.70
Rail Vikas Nigam 19.15
Sterling and Wilson 233.10
View more..
Sensex vs BGR Energy Systems
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719