{"id":550236,"date":"2023-01-27T11:58:46","date_gmt":"2023-01-27T06:28:46","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=550236"},"modified":"2023-01-27T11:58:46","modified_gmt":"2023-01-27T06:28:46","slug":"amara-raja-batteries-to-sell-transfer-new-energy-business-to-wholly-owned-arm-aract-for-rs-167-crore-consideration","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/amara-raja-batteries-to-sell-transfer-new-energy-business-to-wholly-owned-arm-aract-for-rs-167-crore-consideration\/","title":{"rendered":"Amara Raja Batteries to sell &amp; transfer new energy business to wholly owned arm ARACT for Rs 167 crore consideration"},"content":{"rendered":"<p>Hyderabad: Industrial and automotive batteries maker Amara Raja Batteries Limited on Wednesday said its board of directors has approved the sale and transfer of its new energy business to its wholly owned subsidiary Amara Raja Advance Cell Technologies Pvt Ltd through a slump sale arrangement on a going concern basis.<\/p>\n<p>The transaction has been conducted for a lumpsum consideration of Rs 167.2 crore subject to adjustment as set out in the business transfer agreement, ARBL said.<\/p>\n<p>The new energy business of ARBL comprises lithium ion cell and battery pack manufacturing, as well as an R&amp;D pilot plant for prototyping and manufacturing of Li-ion cells.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hyderabad: Industrial and automotive batteries maker Amara Raja Batteries Limited on Wednesday said its board of directors has approved the sale and transfer of its new energy business to its wholly owned subsidiary Amara Raja Advance Cell Technologies Pvt Ltd through a slump sale arrangement on a going concern basis. The transaction has been conducted for a lumpsum consideration of Rs 167.2 crore subject to adjustment as set out in the business transfer agreement, ARBL said. The new energy business of ARBL comprises lithium ion cell and battery pack manufacturing, as well as an R&amp;D pilot plant for prototyping and [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-550236","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550236","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=550236"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550236\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=550236"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=550236"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=550236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}