Transatlantic To Sell 10.57% In Nimbus For $6.6 Million

The Economic Times: Mauritius-based Transatlantic Corp is selling its 10.57% equity stake in Nimbus Communications to Americorp Ventures for Rs 30 crore ($6.6 million).
The transaction will lead to a change in the nature of foreign equity holding of the media and communications company as the shares will change hands from an overseas corporate body to a Mauritius-based foreign company.

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