Ruchi Infrastructure has received an approval for sale and transfer of the oil refining business of the company being run at its plant situated at Kakinada, in the state of Andhra Pradesh to Ruchi Soya Industries, as a going concern for a lump sum consideration of approximately Rs 44 crore subject to adjustment for value of assets and liabilities as on the date of closing In accordance with the Business Tranter Agreement. The board of directors at its meeting held on November 14, 2013 has approved for the same.
The oil refinery business proposed to be sold and transferred includes land, building, the refinery plant and its associated liabilities, oil storage tanks, the net current assets, long term foreign currency loans and other liabilities.
Further, the proposed sale and transfer of business will be subject to approval of shareholders, lenders and statutory / regulatory authorities as required.
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|---|---|
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| Container Corp | 471.55 |
| Delhivery | 460.85 |
| Mahindra Logistics | 355.20 |
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