Sir / Madam, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (LODR), including amendments thereunder, this is to inform you that the press release in respect of the Company's proposal to divest its holding in Swaraj Engines Limited to Mahindra & Mahindra Limited through inter-se transfer amongst the promoters through off market, is enclosed. You are requested to take the same on your record.
Commenting on the announcement, Mr. Mahesh Chhabria, Managing Director, KIL, said “We are happy to get into this agreement with M&M.
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