Megasoft Limited to sell 36.52% in Extrovis AG to Refex Life Sciences Private Limited

Megasoft Limited has announced the sale / transfer or otherwise disposal of the whole or substantially the whole of an undertaking of the Company viz., Sale of Investment of Megasoft Limited's holding of 36.52% in Extrovis AG, Switzerland to the buyer Refex Life Sciences Private Limited.

The consideration for the sale is US $ 15,000,000 (in one or more tranches) and subject to terms of definitive agreement(s) as may be executed between the company and the buyer which is approximately INR 128.40 Crores subject to foreign exchange fluctuations.

Shares of Megasoft Limited was last trading in BSE at Rs. 108.10 as compared to the previous close of Rs. 110.28. The total number of shares traded during the day was 13428 in over 37 trades.

The stock hit an intraday high of Rs. 108.10 and intraday low of 108.10. The net turnover during the day was Rs. 1451566.00.

Source : Equity Bulls

Keywords

Megasoft INE933B01012 StakeSale ExtrovisAG RefexLifeSciences