Aksh Optifibre Limited has informed the Exchange that "The Company has executed an Agreement for sale of the Manufacturing undertakings of the company engaged in manufacture of Optic Fibre, Optic Fibre Cable, FRP Rods and other telecom cables at its manufacturing facilities located at:(i) Plot No. F-1075-81, RIICO Indl Area, Phase-III, Bhiwadi, Rajasthan. (ii) Plot No. A 315 (B), RIICO Indl Area, Phase-II, Bhiwadi, Rajasthan. (iii) Plot No. A-58-59, RIICO Indl Area, Kathushyamji, Reengus, Rajasthan, to its Wholly Owned Subsidiary namely AKSH TECHNOLOGIES LIMITED, a company incorporated under the Companies Act, 1956 having its registered office at F-1080, RIICO Indl. Area, Phase III, Bhiwadi - 301019 on a going concern basis. The appointed date of the aforesaid transfer is 01st April, 2009."
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