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ANG Industries Ltd (ANGI.NS)

ANGI.NS on National Stock Exchange of India

5:53am EDT
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Rs0.40 (+4.55%)
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Latest Key Developments (Source: Significant Developments)

ANG Industries in talks to monetise certain assets to reduce debt
Friday, 30 Dec 2016 08:18am EST 

ANG Industries Ltd : says unit in question is an export unit and after the proposed sale the company shall be left with 2 other units situated in Sitarganj (Uttrakhand) and SEZ Noida UP . says co, bankers in talks in various joint lender forum meetings to monetise certain assets to reduce debt . clarifies on news item "SBI plans to sell manufacturing plants of ang industries limited" . SBI on behalf of the banks have given mandate to sbi capital markets to find a potential buyer based on Swiss challenge method .any asset sale by company is subject to all the bankers agreeing and hence EOI was taken out to start the process by SBI caps.  Full Article

Ang Industries says process for sale of co's export unit has been initiated
Thursday, 22 Dec 2016 06:17am EST 

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.  Full Article

ANG Industries posts Sept-qtr loss
Monday, 14 Nov 2016 08:19am EST 

ANG Industries Ltd : Sept quarter net loss 282.9 million rupees versus profit 18.6 million rupees year ago .Sept quarter net sales 211.7 million rupees versus 520.1 million rupees year ago.  Full Article

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