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Amtrex plan

Mumbai, Sept. 24 (PTI): The promoters of Amtrex Hitachi Appliances Ltd are at an advanced stage of discussions for transfer of Lalbhai groupís stake to Hitachi.

The details were yet to be finalised and the transaction, if worked out, would be subject to eventual agreement between the two promoters and necessary regulatory approvals, the company informed the Bombay Stock Exchange today.

The company is a joint venture between Hitachi Home & Life Solutions Inc and the Lalbhai group.

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