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| Exchange Disseminated Time 10/02/2017 19:38:18 | | Hindustan Motors Ltd has informed BSE that the Company has executed an agreement with Peugeot S.A. on February 10, 2017 for the sale of the Ambassador brand (including the trademarks having application numbers 2803570, 2803571 and 2821821) and certain related rights ("Ambassador Brand") by the Company (Hindustan Motors Limited) to Peugeot S.A for a consideration of INR 80,00,00,000 (Indian Rupees Eighty crores). The sale of the Ambassador Brand shall be effective upon fulfilment of the terms & conditions as prescribed in the said abovementioned agreement. |
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