BOMBAY BURMAH

terminated its agreement with MSTC Limited, the company announced on Tuesday, November 18. The agreement which enabled MSTC to act as a selling agent for the company's immovable properties, land, etc. via e-auctions has been terminated with effect from November 18. Bombay Burmah decided to conclude the agreement due to an unsuccessful online bidding process, which was "inconsistent with the corporation’s strategies. Further, the company clarified, "the said termination does not have any material impact" on its operations.