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Ambica Agarbathies to transfer Visakhapatnam Hotel property to WOS

23 Oct 2013 Evaluate

Ambica Agarbathies & Aroma Industries has received an approval to transfer the Visakhapatnam Hotel property named as ‘Ambica Sea Green’ to its wholly owned subsidiary (WOS) - Ambica Trendset. The board of director at its meeting held on October 23, 2013 has approved for the same. The approval is however subject to approval of member by way of special resolution.

Ambica Agarbathies & Aroma Industries manufactures and sells incense sticks in India. It also involves in the film production and distribution activities; engages in wind power generation; and operates hotels.

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