Power Mech To Dis-invest 2% Of Shareholding In Its Subsidiary Mas Power Mech Arabia(51%)
Power Mech Projects Limited has informed that the board of directors of the company at its meeting had authorized the officials of the Company regarding disinvestment of its 2% of shareholding in Mas Power Mech Arabia (Saudi Arabia), Subsidiary Company (51%) to identify the buyer and finalize the terms and conditions.
The Company has identified the Buyer and finalized the terms and conditions pertaining to such disinvestment.
Mr Venkata Krishna Rao Yendluri. He is an NRI holding Indian Passport and presently living in Dubai. He is residing at Villa Number 39, Street No. 2, UAQ Marina, UAE. The buyer does not belongs to the promoter/ promoter group/group companies