Edition:
India

S.P. Apparels Says To Sell Retail Division On A Going Concern Basis To S.P. Retail Brands Limited


Thursday, 23 Jan 2020 

Jan 23 (Reuters) - S. P. Apparels Ltd ::SAYS DECIDED TO SELL RETAIL DIVISION ON A SLUMP SALE / GOING CONCERN BASIS TO S.P. RETAIL BRANDS LIMITED.SAYS CASH SETTLEMENT WILL BE PARTLY MADE IMMEDIATE AND PARTLY THROUGH DEFERRED PAYMENT..TOTAL CONSIDERATION OF DEAL WILL BE 810 MILLION RUPEES WHICH WILL BE SETTLED BY S.P. RETAIL BRANDS. 

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