{"id":453815,"date":"2021-12-03T10:28:00","date_gmt":"2021-12-03T04:58:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=453815"},"modified":"2021-12-03T11:17:28","modified_gmt":"2021-12-03T05:47:28","slug":"abb-india-completes-sale-of-dodge-business-for-rs-45-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/abb-india-completes-sale-of-dodge-business-for-rs-45-crore\/","title":{"rendered":"ABB India completes sale of Dodge Business for Rs 45 crore"},"content":{"rendered":"<p>ABB India NSE 0.28 % on Thursday said it has completed the sale of its mechanical power transmission division to Dodge Industrial India Pvt Ltd for a consideration of Rs 44.58 crore. Dodge Industrial India is an affiliate of RBC Bearings Incorporated.<\/p>\n<p>In July this year, ABB board had approved a proposal to divest\/sell its mechanical power transmission division (Dodge Business) as a going concern on a slump sale basis to RBC Bearings Incorporated and\/or its affiliates\/subsidiaries, a BSE filing said.<\/p>\n<p>As per the filing, the business transfer agreement was entered into on December 1, 2021 and the sale of the Dodge Business was completed the same day.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ABB India NSE 0.28 % on Thursday said it has completed the sale of its mechanical power transmission division to Dodge Industrial India Pvt Ltd for a consideration of Rs 44.58 crore. Dodge Industrial India is an affiliate of RBC Bearings Incorporated. In July this year, ABB board had approved a proposal to divest\/sell its mechanical power transmission division (Dodge Business) as a going concern on a slump sale basis to RBC Bearings Incorporated and\/or its affiliates\/subsidiaries, a BSE filing said. As per the filing, the business transfer agreement was entered into on December 1, 2021 and the sale of [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-453815","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/453815","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=453815"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/453815\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=453815"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=453815"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=453815"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}