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BPL to transfer Healthcare Business to BPL Medical Technologies

06 May 2013 Evaluate

BPL’s board at its meeting held on May 06, 2013, has approved the transfer of the Healthcare Business of the company as a going concern to BPL Medical Technologies (BPL Medical) for a consideration of equity shares of BPL Medical worth Rs 21.05 crore (subject to the approval of the members, for which the board has authorized conducting a postal ballot).

The consideration shall be settled by way of allotment of fully paid up equity shares of that company on a consideration other than cash basis. The board has further authorized entering into appropriate agreements with the parties concerned.

BPL established its image as a reliable and strong brand in the consumer durables market, a reputation that it still enjoys. In India, BPL has its footprint across the country through a distribution network comprising of over 7000 channel partners.

BPL Share Price

54.49 1.20 (2.25%)
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