SAKTHI FINANCE LTD. - Intimation of approval of Scheme of Demerger of a promoter group company by the Hon'ble Madras High Court
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| 22 Apr 2016 | |
| Sakthi Finance Ltd has informed BSE that A B T Limited, a Company belonging to the Promoter Group, holding 87,27,400 (17.45%) equity shares in the Company, has informed on April 22, 2016 by its letter dated April 21, 2016 that a Scheme of Demerger of ABT Limited has been approved by the Hon'ble High Court of Judicature at Madras, vide its Order dated April 18, 2016 and that as per the approved Scheme of Demerger, the equity shares held by A B T Limited in the Company stands vested with ABT Investments (India) Private Limited effective from the date of implementation of the Scheme,<BR><BR>Upon the Scheme becoming effective, viz. on filing of the Order of the High Court together with the sanctioned Scheme with the Registrar of Companies, ABT Investments (India) Private Limited will henceforth hold the aforesaid equity shares of the Company as a Promoter Group Company. | |
| View all announcements for SAKTHI FINANCE LTD. | Source: BSE India |
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