TAAL signs Master Restructuring and Transfer Agreement with Zenith Precision

TAAL has signed a Master Restructuring and Transfer Agreement with Zenith Precision Private Limited. Under the deal, TAAL will transfer its existing equity investment in Zenith Precision back to Zenith's promoters. In parallel, TAAL or its designated entity will acquire a controlling stake in Zenith Precision's SEZ Division, including its identified assets, liabilities, employees, contracts and leasehold rights, as a going concern. The transaction is subject to conditions precedent and required corporate, statutory, regulatory and contractual approvals.