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ABB India gets nod to sell stake in TISIPL

10 Aug 2022 Evaluate

ABB India has received an approval for the proposal to sell the 31,49,99,999 equity shares held by the company in Turbocharging Industries and Services India (TISIPL) to Turbo Systems Switzerland (TSSL), an indirect wholly owned subsidiary of ABB on such terms and conditions as approved by the Board. The share transfer agreement is yet to be executed. The company expects to complete the sale of equity shares by end of September 30, 2022. The Board of the Company on August 9, 2022, have approved the same. 

ABB India is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future.

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