SASKEN COMMUNICATION TECHNOLOGIES LTD. - Updates on Scheme of Amalgamation

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23 Dec 2016
Sasken Communication Technologies Ltd has informed BSE that:<BR><BR>"This has reference to the Scheme of Amalgamation for merger of Sasken Network Engineering Limited (SNEL), the wholly owned subsidiary of the Company with the Company (the holding Company). SNEL had filed a petition in the Honble High Court of Karnataka for the said merger in April 2016.<BR><BR>As the Company is going ahead with buy-back of its shares and in compliance with SEBI (Buy-back of Securities) Regulations, 1998, SNEL had applied for withdrawal of the Petition with a liberty to revive the same. The Honble High Court was pleased to permit withdrawal of the Petition as prayed for. A certified copy of the Order has since been received and filed with Ministry of Corporate Affairs today."
View all announcements for SASKEN COMMUNICATION TECHNOLOGIES LTD.	Source: BSE India

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