Divestment of equity shares in Rushil Modala Ply Limited [Subsidiary Company]
As filed · Rushil Decor Limited has informed the Exchange about Divestment of equity shares in Rushil Modala Ply Limited [Subsidiary Company]
What happened
FactThe Board of Directors of Rushil Décor Limited has approved the divestment of up to 29% equity stake in its subsidiary, Rushil Modala Ply Limited, which will result in RMPL ceasing to be a subsidiary and becoming an associate company. The divestment may occur in one or more tranches. Further details are provided in the attached annexure.