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RDB REALTY & INFRASTRUCTURE LTD. - Outcome Of Board Meeting And Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
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16 Oct 2020
In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (&quot;the Listing Regulations&quot;), read with Circular No. CIR/CFD/CMD/4/2015 dated 9th September, 2015 issued by the Securities and Exchange Board of India (&quot;SEBI&quot;), we hereby inform you that the Board of Directors of RDB Realty &amp; Infrastructure Limited (&quot;Board&quot;) at its Meeting held today, i.e. on 16th day of October, 2020 has, on the recommendation of the Audit Committee, approved the Scheme of Arrangement for Demerger between RDB Realty &amp; Infrastructure Limited (&apos;RRIL&apos;) and RDB Real Estate Constructions Limited (&apos;RRECL&apos;) and their respective shareholders for demerger of Realty division of RRIL, under Sections 230 to 232 of the Companies Act, 2013.
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