Vascon Engineers has entered into Share Transfer Agreement for transfer of entire equity shares being held by the company in its wholly owned subsidiary -- Marathwada Realtors (MRPL). The total sales consideration to be received from the transaction is Rs 18.72 crore. The transaction is expected to be completed by March 31, 2025.
Post transaction, the MRPL shall cease to be wholly owned subsidiary of the company.
Vascon Engineers and its subsidiaries are engaged in the business of Engineering, Procurement and Construction services (EPC), Real Estate Development and Manufacturing of Clean Room Partitions.
