Modison Metals divests equity investment held in subsidiary

01 Mar 2019

Modison Metals has divested its equity investment held in its subsidiary Company Modison Contacts. The date of completion of divestment of equity investment held in subsidiary Company and date of receipt of payment is February 25, 2019.

Thus, Modison Contacts ceased to be a subsidiary Company of Modison Metals with effect from February 28, 2019.

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

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