Divestment Of Auto Division At Chennai
Dear Sir / Madam, Further to our communication dated 14th November 2018 with regard to divestment of Auto division at Chennai, we wish to inform you that the Company executed definitive sale agreement today with Hi-Tech Arai Private Limited, along with substantial advance payment. The Business Transfer is expected to be executed during December 2018. We kindly request you to take this letter on record.Thank You.22-11-2018