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Aditya Ispat's Board approved the slump sale of its Non-alloy steel manufacturing and trading business. This strategic move aims to mitigate significant losses from recent quarters and prevent further erosion of capital, ensuring the company remains operational. This business segment represents a substantial part of the company, contributing 97.75% of its turnover (43.93 Cr) and 88.85% of its net worth (7.80 Cr). The sale, part of an internal restructuring, involves a lump sum consideration and a Business Transfer Agreement, with the buyer yet to be finalized.