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Ushdev International gets nod to sell stake in WOS

31 Jan 2014 Evaluate

Ushdev International has received an approval for sale of shares of Wholly Owned Subsidiary (WOS) of the company namely ‘UIL (Singapore), UIL Hong Kong and Maa Jai Jyotawali Steel. The board of director at its meeting held on January 30, 2014 has approved for the same.

Ushdev International core activities are power generation and trading of steel. Steel trading being its parent business and doing well in that, the company was in an urge to get into an altogether new area, and thus started investing into power generation through windmills from 1997 onwards.

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