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| Exchange Disseminated Time | | India Glycols Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 10, 2015, has considered the sale of its investment in its wholly owned subsidiary company, IGL Infrastructure Private Limited, and decided to sell the entire holding of 50,000 Equity Shares of Rs. 10/- each of IGL Infrastructure Private Limited at a value not less than Rs. 2.22 crores (Rupees two crores twenty two lacs only) being the net assets value, as on July 31, 2015, based on the valuation report, as determined by independent Chartered Accountant. Further, the Board of Directors approved the sale of the shares at a value of Rs. 3.00 crores (Rupees three crores only). |
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