3/31/2011 5:17:16 PM
Smartlink Network Systems Ltd (SNSL) today announced that it is selling its Digilink Business to Schneider Electric India (Schneider) for Rs 5,030 million, under Business Transfer Agreement (BTA). The transaction would primarily include the transfer of the “Digilink” brand and trademarks, part of the manufacturing facility at Goa, the distribution network and employees who served Digilink. The company has agreed to a non-compete condition for a period of 5 years for the passive networking business.