UEM Edgenta disposes of 51% share of JV with Apollo Sindoori

KUALA LUMPUR: UEM Edgenta Bhd's wholly-owned subsidiary Edgenta Facilities Sdn Bhd has disposed of its 51% stake or 47,113 shares in Faber Sindoori Management Service Private Ltd to Apollo Sindoori Hotels Ltd. for INR700mil (about RM40mil).

According to UEM Edgenta's filing with Bursa Malaysia, Faboor Sindoori was incorporated in 2007 as a 51:49 joint venture between Edgenta Facilities and Apollo Sindoori to provide integrated facilities management services in India.