March 6, 2019 / 6:39 AM / 3 months ago

BRIEF-Soktas Tekstil Divests 100 Pct Shares Of Unit Soktas India Private To Grasim Industries Limited At Equivalent Of 125.6 Mln Lira

March 6 (Reuters) - SOKTAS TEKSTIL:

* SAID ON TUESDAY HAS DECIDED TO DIVEST 100 PERCENT SHARES OF INDIA-BASED UNIT SOKTAS INDIA PRIVATE LIMITED TO GRASIM INDUSTRIES LIMITED AT INR 1.13 BILLION (125.6 MILLION LIRA)

* EXPECTS ITS CONSOLIDATED CORPORATE AND FINANCIAL DEBT TO DECREASE BY AROUND 115.0 MILLION LIRA AFTER DIVESTITURE

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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