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| Exchange Disseminated Time | With reference to the earlier letters dated March 14, 2015, May 01, 2015 and June 12, 2015 in connection with the Purchase of "Birla Textile Mills" (BTM), a Division of Chambal Fertilizers And Chemicals Limited (CFCL), by Sutlej Textiles And Industries Limited (Sutlej).
Sutlej Textiles and Industries Ltd has now informed BSE that the Company has executed "Business Purchase Agreement" on June 30, 2015, for purchase of BTM by Sutlej, as a going concern, on slump sale basis. As already informed, the Competition Commission of India has already approved the present transaction. The transaction is subject to fulfillment of various other conditions, as mentioned in the aforesaid Business Purchase Agreement, and further requisite approvals.
It is expected that the transaction shall be completed by September 30, 2015. |
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