Lanco Infratech Ltd has informed BSE that subject to the approval of the Members and such other approvals / permissions / sanctions as may necessary, approval of the Board of Directors at their Meeting held on January 27, 2010, has been accorded to sell, transfer and/or dispose of the whole or substantially whole of the investments (Equity and/or Preference Shares) held by the Company on the date of sale in Subsidiaries, Associates and other Group Companies in the Power Segment, as going concerns at cost for consideration in cash in tranches to any Wholly Owned Subsidiary of the Company in the Power Segment. The Notice of the Postal Ballot for seeking the approval of the Shareholders in this regard was approved.
Source: BSECourtesy moneycontrol.com
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