Edition:
India

Seco/Warwick to Sell 98% of India-based SW Allied


Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - SECO/WARWICK SA ::WILL SELL 98 PERCENT STAKE IN ITS INDIA-BASED UNIT SECO/WARWICK ALLIED PVT. LTD. (SW ALLIED).WILL CLASSIFY THE UNIT AS AN ASSET FOR SALE AND WILL RECOGNIZE 12.2 MILLION ZLOTYS REGARDING ITS SALE IN FY 2017 STATEMENT.THROUGH THE SALE OF SHARES IN SW ALLIED CO PLANS TO REDUCE OPERATIONAL COSTS AND RISKS OF BEING PRESENT ON THE INDIAN MARKET.PLANS TO MAINTAIN ITS PRESENCE ON THE MARKET THROUGH SECO/WARWICK SYSTEMS AND SERVICES INDIA PVT. LTD.. 

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