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Mergers & Acquisitions | 9 November 2012

Panoramic Universal To Divest Stake In Its Thailand Subsidiary

by Vivek Singh
Panoramic Universal To Divest Stake In Its Thailand Subsidiary
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Panoramic Universal Limited is planning to divest stake to 49% from 70% in its Thailand subsidiary - Seaview Homes Company Limited.

The subsidiary was formed last year to acquire Condominium Units in Thailand. The company has acquired condominiums in Pattaya and is in the process of acquisition at Bangkok.

The Company is also planning to make investment in securities or give loan to one or more companies in Singapore up to an overall limit of R10 Cr.

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