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| Exchange Disseminated Time 02/01/2016 12:11:39 | With reference to the earlier letter dated December 05, 2015 regarding Sale of Investment in Jaora-Nayagaon Toll Road Company Private Limited, PNC Infratech Ltd has now informed BSE that pursuant to the satisfaction of the conditions precedent mentioned in the Share Purchase Agreement, including receipt of approvals of the lenders of the SPV, the Company has completed the sale of 2,44,23,700 equity shares (representing 8.51% of the share capital) of Jaora - Nayagaon Toll Road Company Private Limited ("SPV") to Viva Highways Limited and received an aggregate consideration of Rs.
34,19,31,800/- (Rupees Thirty Four Crores Nineteen Lakhs Thirty One Thousand and Eight Hundred only). |
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