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| Exchange Disseminated Time | | Sicagen India Ltd has informed BSE that the Company has been in discussions with various entities, and has entered into a Share Purchase Agreement (SPA) on March 04, 2010, for completion of the sale of its investments held in SDB Cisco (India) Ltd. as stated therein. In terms of the SPA, the Company and the Acquirer shall, subject to the fulfillment of certain conditions precedent as stated therein, complete the sale and purchase of all of the shares held by the Company in M/s. SDB Cisco (India) Ltd. The SPA provides for the total consideration to be paid for the sale and contains other covenants as are typical to transactions of this nature. |
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