Rolta India Ltd. has sold its 50% stake in SWRL to its joint venture partner, Stone & Webster, Inc. – a subsidiary of the Shaw Group, Inc. The effective date of this transaction is December 31, 2010.
The sale agreement provides for an immediate payment of Rs. 125 crore to Rolta followed by deferred compensation of Rs. 35 crore over the next two years aggregating to Rs. 160 crore
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