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| Exchange Received Time 03/11/2017 18:47:50 Exchange Disseminated Time 03/11/2017 18:47:56 Time Taken 00:00:06 | Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Company has sold its Global Financial Shared Services business (hereinafter referred to as 'GFSS') to M/s GE India Industrial Private Limited together with the assets and manpower comprised therein on a slump sale basis on an 'as is where is' basis.
The said business was non-core business activity for the Company providing accounting services of transactional nature to various General Electric Group companies both in India and outside India.
Attached are the details of this transaction which is required to be furnished to the stock exchanges on sale of business:
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