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Indian Extractions gets nod to hive off manufacturing assets of the company

22 Nov 2011 Evaluate

Indian Extractions has received an approval for hiving of its manufacturing assets either through sale, transfer, relinquish, hive off and/or otherwise to dispose. The assets of the company are freehold land, leasehold land, plant and machinery and/or all other assets or properties as may be attached to or related therewith either in total or in part or in piecemeal basis.

The company will hive off it either to a one party or to several parties and also either on a going concern basis, slump sale basis, as is where is basis, or such other basis as and when the opportunity permits from time to time to any other Company(ies), Body(ies), Individual(s), Firm(s) or such other entity(ies) including any Subsidiary Company(ies) of the Company.

Indian Extractions is a leading manufacturer and exporter of groundnut de-oiled cakes from India. The company processes groundnut, soya and rapeseed oil cakes and derives de-oiled cakes and refined edible oils.

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