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Readymade Steel India Ltd's KH Foges Pte Ltd Enters Into Conditional Sale And Purchase Agreement With PSL Holdings Limited


Monday, 2 Sep 2013 07:06am EDT 

Readymade Steel India Ltd announced that its subsidiary, KH Foges Pte Ltd in Singapore has entered into a conditional sale and purchase agreement (SPA) with PSL Holdings Limited, for the acquisition of the entire share capital of two of its wholly owned subsidiaries, PSL Engineering Pte Ltd (PSLE) and Rotary Piling Pte Ltd (RPL). The aggregate consideration for the acquisition shall be approximately INR800 million to INR1 billion as per the terms of the conditional SPA. The acquisition is likely to be completed before the end of the year. PSLE was incorporated in Singapore on November 02, 1974. It is a wholly owned subsidiary of PSL Holdings Limited. RPL is a specialized contractor of bored piling, civil, mechanical and ground engineering works. 

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26 Dec 2014