Empee Distilleries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 11, 2015, have approved sale of 1,33,67,000 equity shares of Rs. 10 each to M/s. Appollo Alchobev Limited. Accordingly Empee Power and Infrastructure Pvt. Ltd will cease to be a subsidiary Company of Empee Distilleries Ltd.
Empee Distilleries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 11, 2015, have approved sale of 1,33,67,000 equity shares of Rs. 10 each (which constitutes 89.85% of share capital held in M/s. Empee Power and Infrastructure Pvt. Ltd) aggregating to Rs. 13,36,70,000/- to M/s. Appollo Alchobev Limited.Accordingly Empee Power and Infrastructure Pvt. Ltd will cease to be a subsidiary Company of Empee Distilleries Ltd.Source : BSE
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