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| Exchange Disseminated Time 01/02/2017 16:09:24 | | Kandagiri Spinning Mills Ltd has informed BSE that in continuation of the approval obtained from shareholders by passing special resolution through postal ballot for sale of Wind Energy Generators and part of remaining assets of the Company and further obtaining other necessary approvals, sale of Company's Wind Energy Generators (situated at Tirunelveli district and having capacity of 9.9 MW electricity generation) completed on January 31, 2017 for total sale consideration of Rs. 27.10 crore to the buyers viz., Kumaran Filaments Pvt. Ltd., Nagercoil, Arul Steels, Coimbatore, Raju & Co., Coimbatore, Saravana Spinning Mills Ltd., Dindigul, PKP Wind Power Pvt. Ltd., Palladam, RAN Energy Ltd., Coimbatore and the buyers do not belong to promoter/promoter group/group companies. |
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