Divestment of Subsidiary
11 March 2008 - 11:43PM
UK Regulatory
RNS Number:8375P
ACC Limited
11 March 2008
March 11, 2008
Dear Sirs
Sub: Divestment of ACC Machinery Company Limited (AMCL)
We have today divested our wholly owned Subsidiary ACC Machinery Company Limited
(AMCL) to HNG Group for a consideration of Rs. 45 crores.
The turnover and profits of the Company for the year ended 31st December 2007 is
given below:
Rs. / Crores
Sale of Products and other Income 63.24
Profit before Tax 15.00
Profit after Tax 9.75
Dividend Rs. 190/- per share aggregating
Rs. 760 Lakhs
This is for your information.
Yours faithfully
For ACC Limited
Onne van der Weijde
Chief Financial Officer
This information is provided by RNS
The company news service from the London Stock Exchange
END
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