A2Z Maintenance transfers 18.14% stake of A2Z E-Waste to Sardana Recycling

A2Z Maintenance & Engineering Services has transferred 18,138 equity shares of A2Z E Waste Management (A2Z E-Waste), constituting 18.14% of total paid up equity share capital of A2Z E-Waste to Sardana Recycling on March 25, 2013. Further, after the said transfer, the company’s holding has come down to 45.63% in the paid up equity share capital of A2Z E-Waste.

The company has taken this step pursuant to the share purchase agreement executed on November 12, 2012 by and between the company, Sardana Recycling, A2Z E-Waste and Dataserv APAC (previously known as A2Z Dataserv) along with addendums thereto the company.

A2ZMaintenance & Engineering Services engaged in providing services to the power transmission and distribution sector with a focus primarily on the distribution segment. The company is diversifying this business to provide EPC services to power generation companies and companies in other sectors, including road and telecommunications.