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| Exchange Disseminated Time 22/12/2015 16:57:48 | Jai Corp Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 22, 2015, has approved disposal of the Indore Unit as a going concern to a related party, Messrs India Nets, a partnership firm. The transaction is at an arm's length and based on the transaction value, the prior approval of members will not be required. The transaction was approved by the Audit Committee at a meeting held on December 22, 2015.
The sale is not expected to materially affect the performance of the Company. |
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