Today news
About the same in other media
Mahindra & Mahindra's Canada-based associate Resson Aerospace files for a voluntary wind-up; shares down by 2.2%
Reading now: 672
₹1597.80 per share on BSE at 11:30 am. “Resson has received a Certificate of Dissolution from Corporations Canada dated 20th September 2023, which was informed to the Company on 20th September 2023 at 8.19 p.m.
Consequent to the above, Resson has ceased to be in existence and has also ceased to be an Associate of the Company under the Indian Accounting Standards (IndAS) with effect from 20th September, 2023," said M&M in its stock exchange filing on Thursday. Post liquidation, the company will receive around approximately 4.7 million Canadian Dollars, equivalent to ₹28.7 crore, as distribution of proceeds towards Class C Preferred Shares held by the Company.
Read more on livemint.comAbout this in other media
Rob Schneider cancels Canada trip after man who fought for Nazis honoured in Parliament globalnews.ca /1 year ago
S&P retains India's FY24 growth forecast at 6%, citing global economic slowdown, rising monsoon risks livemint.com /1 year ago
India-Canada Row: What's at stake for Canadian Prime Minister Justin Trudeau? livemint.com /1 year ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
