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| Exchange Disseminated Time | | McNally Bharat Engineering Company Ltd has informed BSE that as a part of the ongoing consolidation exercise, the Company's 100% subsidiary in Singapore has sold 90% of its holding in its manufacturing subsidiary based in Cologne Germany, at a consideration of Eur 1.5 miln (Rs. 12 cr. approx). This investment has already been written off in the books of the Singapore subsidiary in FY’12-13, hence this transaction shall reflect a profit on of Eur 1.5 miln in the consolidated PL of MBE in FY'14-15, This transaction shall also reduce Eur 3.9 miln (Rs. 31 cr. approx) debt in the consolidated Balance Sheet of MBE in FY’14-15. |
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