Polycab India has informed that the Company has entered into a Share Purchase Agreement (‘SPA’) with Renuka Investments & Finance, a wholly owned subsidiary of Hindalco Industries, to divest entire equity shareholding in Ryker Base (‘Ryker’), a wholly owned subsidiary of the company (‘PIL’). In this regard, the company enclosed a press release on disinvestment of Ryker Base.
The above information is a part of company’s filings submitted to BSE.