• search

Williamson Magor entres into Non-Compete Agreement with Flender

Written by: Staff

Mumbai, May 3 (UNI) Williamson Magor&Company Ltd., today said it has entered into a Non-compete Agreement with Flender Ltd., (Flender) agreeing not to compete with the latter for a period of three years in the business being carried out by it for a one time fee of Rs 5.64 crore.

The one-time fee is to be paid by Flender to the company, a release issued to BSE said. This Non-compete Agreement is linked with the Share Purchase Agreement executed on May 02, 2006 by Babcock Borsig Ltd., (whose 50 per cent share capital is held by the company's group) with Siemens Ltd agreeing to sell its 50 per cent stake in Flender to Siemens Ltd.


For Daily Alerts
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more