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Heating Appliances Market to Hit USD 67.58 Billion by 2030

Key companies covered in heating appliances market are Hitachi Ltd. (Japan), Electrolux AB (Sweden), Samsung Electronics Co. . ....

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Somany Home Innovation Limited completes slump sale of water heater business

Somany Home Innovation Limited completes slump sale of water heater business
Posted On:
2020-12-31 00:20:49
(Time Zone: Arizona, USA)
The Board of Directors of Somany Home Innovation Limited ( Company ) had earlier approved the sale of water heater business undertaking (the WHBU ) being part of consumer product division of Company, to its wholly owned subsidiary M/s. Hintastica Private Limited (the HPL ) by way of slump sale through business transfer agreement.
The aforesaid business transfer agreement was executed amongst the parties on 2nd July, 2020. Pursuant to the satisfactory completion of all the conditions precedent (as agreed between the parties under the business transfer agreement), the parties have agreed to 31 December, 2020 as the Closing Date and the Effective Date of the transaction i.e. the sale of WHBU by the Company to HPL shall be effective from 31st December, 2020. ....

United States , Somany Home Innovation , Hintastica Private , Board Of Directors The Company , Home Innovation Limited , Time Zone , Somany Home Innovation Limited , Hintastica Private Limited , Closing Date , Effective Date , ஒன்றுபட்டது மாநிலங்களில் , நிறைய வீடு கண்டுபிடிப்பு , பலகை ஆஃப் இயக்குநர்கள் தி நிறுவனம் , வீடு கண்டுபிடிப்பு வரையறுக்கப்பட்டவை , நேரம் ஸோந் , நிறைய வீடு கண்டுபிடிப்பு வரையறுக்கப்பட்டவை , நிறைவு தேதி , பயனுள்ள தேதி ,