Brief: Himatsingka Seide to dis-invest 100 pct holding in unit Giuseppe Bellora

Himatsingka Seide

22/03/2017 08:32

March 22 (Reuters) - Himatsingka Seide Ltd  HMSD.NS  
    * Says board approved to dis-invest 100 percent holding in 
unit Giuseppe Bellora SRL and sell same to Himatsingka Europe 
Ltd at fair market value 
    * Post dis-investment of co's holding, Giuseppe Bellora SRL 
will become a wholly owned step down unit of Himatsingka Europe 
    * Board also approved the closure of the step down 
subsidiary Himatsingka Singapore PTE Limited 
 
Source text: http://bit.ly/2mTpRtJ 
Further company coverage:  HMSD.NS  
 
 ((Bangalore.newsroom@thomsonreuters.com;))