Alstom India has decided to sell its transport business to another group company, Alstom Transport. The company will sell and transfer its transportation system undertaking to Alstom Transport India, for a total consideration not less than Rs 176.90 crore in cash on a ‘slump sale’ basis.
The deal is a on a slump sale basis, for a lump sum consideration without values being assigned to individual assets and liabilities.
Alstom is a global leader in power generation, power transmission and rail infrastructure. Present in India since 1911, Alstom has strong capabilities in engineering, manufacturing, project management and supply of products and solutions for infrastructure.
