Monsanto India Ltd has informed that the Board of Directors of the Company at its meeting held on January 21, 2008, has decided to sell, transfer, assign or otherwise dispose off the Butachlor and Alachlor businesses to Sinochem International (Overseas) Pte Ltd or its subsidiary / associate in India for a total consideration payable in Indian Rupees equivalent to U.S.$ 8.4 million (approx. Rs 330 million).
The decision of the Board is subject to the approval of the shareholders. The Company would be conducting postal ballot to seek shareholders approval in this matter.
The decision of the Board is subject to the approval of the shareholders. The Company would be conducting postal ballot to seek shareholders approval in this matter.
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