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BRIEF-Ang Industries says process for sale of co's export unit has been initiated
December 22, 2016 / 11:17 AM / a year ago

BRIEF-Ang Industries says process for sale of co's export unit has been initiated

Dec 22 (Reuters) - Ang Industries Ltd

* Says clarifies on news item “ SBI plans to sell manufacturing plants of Ang Industries”

* Says news report is a result of expression of interest derived from SBI on Dec 21

* Says co, bankers been in talks to monetise certain assets to cut debt

* Says SBI on behalf of banks have been given mandate to SBI Capital Markets to find potential buyer on Swiss challenge method

* Says process for sale has been initiated by banks

* Says unit in question is an export unit Source text: bit.ly/2hcXPJv Further company coverage:

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