GOCL Corporation has informed that the Board of Directors of its UK subsidiary HGHL has at its Meeting held on 18th September 2020, decided to divest 2,00,000 shares of Quaker Houghton, at a price of $175 per share. The total value of the divestment will be $35 million (approx. Rs 257 crores @ $1 to Rs 73.44) when completed. There will be no tax implication on HGHL under the transaction. The Company’s investment in HGHL is GBP 100,000.
The above information is a part of company’s filings submitted to BSE.
