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CFCL Tech signs an agreement to sell part of business for Rs 88 crore

The US based subsidiary of Chambal Fertilisers and Chemicals, CFCL Technologies has signed an agreement for selling part of its BPO business for around Rs 88 crore.

Chambal Fertilisers has said in a BSE filing that Of the existing subsidiaries of CFCL Technologies, ISGN Corp and ISG Novasoft Technologies entered into an agreement.

Chambal Fertilisers’s Board, on January 21 had approved CFCL Technologies to sell and dispose off the business it is carrying through its subsidiaries and step down subsidiaries.

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