Siemens Limited (hereinafter referred to as the Company ) and LM Wind Power Blades (India) Private Limited (hereinafter referred to as the Proposed Assignee) have executed a Memorandum of Understanding for the transfer and assignment of the Companys leasehold interest in the Property located at Halol Industrial Area (Phase III) of village Chandrapura Taluka: Halol District: Panchmahal Gujarat for a total consideration of Rs. 193 50 00 000/- (Rupees One Hundred and Ninety Three Crores Fifty Lakhs Only) in favour of the Proposed Assignee.
The Proposed Assignment is subject to receipt of all requisite statutory and regulatory approvals from the concerned authorities and signing of firm agreements between the Company and the Proposed Assignee in this regard.
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