Indo Tech Transformers Ltd has informed that, the Company have been informed that the Promoters of the Company, along with their relatives, have by a Share Purchase Agreement dated December 04, 2008 agreed to sell their entire shareholding (5,771,625 fully paid-up equity shares) in the Company aggregating to 54.35% of the paid up capital of the Company to Prolec-Ge International, S.DE R.L. DE C.V., a Company incorporated and registered under the laws of Mexico.
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