28th-Mar-2011 13:26Source: NSE

W S INDUSTRIES (I) LIMITED Updates

W S Industries (I) Limited has informed the Exchange that at the Board Meeting held on March 28, 2011, the Board approved the transfer of 31,000 Equity Shares of Rs.10/- each held by the Company [W.S.Industries (India) Limited (WSI)] in its subsidiary company, W.S. Electric Limited (WSE) to its another subsidiary W.S. Insulators Limited (WSIN) for a consideration of Rs.387.50 million (Rs.12,500/- per share). The purchase consideration by WSIN to WSI will be discharged over a period of time.