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| Exchange Received Time 03/05/2018 19:58:20 Exchange Disseminated Time 03/05/2018 19:58:28 Time Taken 00:00:08 | In furtherance to intimation dated February 14, 2018, we wish to inform you that the Company's Board constituted Committee has today authorized execution of non-binding documents with third party institutional Investor for sale of its commercial assets at Ambattur, Chennai, being a non-core real estate business operations for the Company.
The aforesaid is pursuant to and in terms of Company's Shareholders authorization dated March 23, 2018 passed to facilitate re-organization of Company's commercial leasing business in India for achieving sustainable growth and for further strengthening of its on-going businesses, in its core markets.
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