- August 21, 2026
- Posted by: Tresmark
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International Industries Limited (IIL) has recommended the disposal of its entire 17% stake in Chinoy Engineering & Construction (Pvt) Limited (CECL) for a total consideration of Rs350 million, subject to regulatory approvals.
The company’s Board of Directors approved the recommendation at its meeting held on August 20, 2026. The proposed transaction involves the sale of 4.845 million ordinary shares, each with a face value of Rs10, at Rs72.24 per share.
The proposal will be presented to shareholders for approval at IIL’s 78th Annual General Meeting scheduled for October 7, 2026.
The company said the formal notice of the Annual General Meeting would be issued in due course.
