| ABB: The Exchange has sought clarification from ABB India Limited with respect to announcement dated 27-Jul-2021, regarding a press release dated July 26, 2021, titled "ABB Group Press Release" (ABB to divest Mechanical Power Transmission division (Dodge) to RBC Bearings for $2.9 billion). On basis of above the Company is required to clarify following: 1. The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division of the listed entity during the last financial year;2. Brief details of buyers and whether any of the buyers belong to the promoter/ promoter group/group companies. If yes, details thereof.3. Whether the transaction would fall within related party transactions? If yes, whether the same is done at "arm's length";4. Additionally, in case of a slump sale, indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale.The response of the Company is awaited. |