According to a BSE filing, it sold the non-operational company with "no business or license", to SORIL Holdings and Ventures Limited ("SHVL"), at face value for an aggregate cash consideration of Rs 5 lakh.
"This transaction between the company and SHVL, being related parties, is at arms' length," the BSE filing said.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.