Crompton Greaves Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 28, 2010, : 1. DIVESTMENT:- The Board of Directors have granted their approval to the divestment of the Company's 59% shareholding in Malanpur Captive Power Ltd, comprising 1,10,22,000 equity shares of Rs. 10/- each to Avantha Power & Infrastructure Ltd (APIL), at an aggregate price of Rs 514 Million, which works out to Rs 46.63 per share. 2. MERGER OF BROOK CROMPTON GREAVES LTD (BCGL):- The Board of Directors have approved a Scheme of Amalgamation of Brook Crompton Greaves Ltd (a wholly owned subsidiary) with the Company. The amalgamation will be effective from April 01, 2009 (Appointed Date), subject to receipt of all Regulatory approvals.
Source: BSECourtesy moneycontrol.com
Also check
Posts
No comments:
Post a Comment