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Pratham EPC Projects Limited has announced a board meeting on the approval of an asset sale to its wholly-owned subsidiary, Pratham International Contracting LLC-OPC. The company is transferring machinery worth about Rs 3.09 Cr, including pipelayers, blending die sets, and hydraulic excavators.
This related party transaction at fair value aims to boost the subsidiary’s operational capabilities, supporting its growth and potentially improving project execution and revenues. The parent company faces no financial risk as this is a strategic internal restructuring, not a divestment.