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| Exchange Received Time 31/10/2017 13:44:22 Exchange Disseminated Time 31/10/2017 13:44:26 Time Taken 00:00:04 | In continuation of our earlier intimation dated September 28, 2017, on the captioned matter, TRF Limited ("TRF") would like to hereby notify the stock exchanges that TRF has executed a Share Purchase Agreement ("SPA") on 31st October, 2017 with JL Power Venture Private Limited ("JPL") and Adithya Automotive Applications Private Limited ("AAA"), whereby TRF has agreed to sell its entire 51% stake in AAA to JPL, subject to the terms of SPA.
The closing of the transaction is subject to satisfaction of condition precedent as set out in the SPA, including obtaining the shareholders' approval of TRF. Upon closing of the transaction, AAA shall cease to be a subsidiary of TRF.
This disclosure is being made in compliance with Regulation 30(6) of SEBI (LODR), Regulations, 2015 and SEBI's Circular dated 9 September, 2015 (CIR/CFD/CMD/4/2015).
This is for your information and records. |
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