23
Jan
Kolkata (West Bengal) [India], January 23: Kolkata based Sellwin Traders Ltd has entered into a Memorandum of Understanding (MOU) with a Mumbai based Rs. 250 crore group, Subhshri Overseas Ltd to form a strategic association. The collaboration aims to establish a Holding company (Sellwin Traders) – Subsidiary company (Subhshri Overseas Ltd) relationship via a share swap arrangement. This MOU is a non-binding agreement and does not create any legal obligations on either party, except for confidentiality and the commitment to good faith negotiations. In the proposed arrangement, Sellwin Traders (Proposed Holding Company) shall acquire agreed % of shares in Kolkata-based…