NEW DELHI, Jan 17: Piramal Enterprises on Friday said it has signed an agreement for the sale of its Decision Resources Group (DRG) business to US-based Clarivate Analytics for USD 950 million (over Rs 6,745 crore).
This divestment is expected to be completed by end of February 2020, Piramal Enterprises (PEL)said in a statement.
PEL DRG Dutch HoldCo BV, a 100 per cent subsidiary of the company, has signed a definitive agreement for the sale of DRG to Clarivate Analytics plc for a consideration of USD 950 million, it said.
This includes USD 900 million on closing and USD 50 million to be received at the end of 12 months from the date of closing, it added.
(PTI)
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