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| Exchange Disseminated Time | Pricol Ltd has informed BSE that as per Share Purchase and JV Termination Agreement dated March 17, 2015 between DENSO Corporation, Japan and Pricol Limited, Pricol Limited sold its 49% of shareholding in DENSO Pricol India Private Limited (DPIN) to DENSO Corporation, Japan on March 17, 2015 for a consideration of Rs. 200 million.
Subsequent to the aforesaid sale DPIN became the wholly owned subsidiary company of DENSO Corporation, Japan.
DENSO Corporation, Japan does not belong to promoter / promoter group / group companies of Pricol Limited. Further, DENSO Corporation, Japan is not a related party and this transaction will not fall under related party transactions. |
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