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Generic Engineering to sell entire stake in Generic Chartered Resources

30 Jun 2021 Evaluate

Generic Engineering Construction and Projects has entered in a Share Purchase Agreement dated June 28, 2021 for sale/disposal of 100% Equity Shares held in Generic Chartered Resources. Pursuant to execution of the Share Purchase Agreement and transfer of shares, Generic Chartered Resources will cease to be the wholly owned Subsidiary of the company.

Generic Engineering Construction and Projects, formerly Welplace Portfolio & Financial Consultancy Services, is an India-based company, which is engaged in construction business.

Peers
Company Name CMP
Larsen & Toubro 4118.90
Kalpataru Projects 1370.40
NCC 122.95
Rail Vikas Nigam 192.25
KEC International 333.10
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