| Outcome of Board Meeting
Approved the execution of Business Transfer Agreement (BTA') for the sale and transfer of its External Quality Assessment Services Business (EQAS Division') of the Company to Metropolis Quality Solutions Private Limited, a wholly owned subsidiary of the Company (MQSPL') as a going concern through a slump sale for a consideration of upto INR 1.25 crore, subject to any closing adjustments, to be discharged by MQSPL either in cash and/or through the issuance of its equity shares. The completion of the business transfer shall be subject to the fulfilment of conditions precedent as stipulated in the BTA. | | Powered by Capital Market - Live News |
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