31 May 07 TVS Electronics sells off unit

TVS Electronics, hit upper circuit today after itÃ‚Â announced that itÃ‚Â sold off its contract manufacturing services business. TVS Electronics sold its contract manufacturing services (CMS) business which is in Karnataka for a sale consideration of over Rs 41 crores to Finland’s Incap Corp. Reports suggest that Rs. 41 croresÃ‚Â is an excellent price for selling the contract manufacturing services (CMS) businessÃ‚Â unit.

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