Blue Star: Intimation on execution of business purchase agreement

Blue Star proposes to transfer its Professional Electronics and Industrial Systems business undertaking to its wholly owned subsidiary, Blue Star Engineering & Electronics, on a going concern basis, at fair values, for a lump sum consideration of INR 110,50,00,000.

Blue Star Ltd has informed BSE regarding "Intimation on execution of business purchase agreement". Blue Star proposes to transfer its Professional Electronics and Industrial Systems business undertaking to its wholly owned subsidiary, Blue Star Engineering & Electronics, on a going concern basis, at fair values, for a lump sum consideration of INR 110,50,00,000. Source : BSE

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