Sindhu Trade Links Limited - Board Meeting Outcome for Intimation Under Regulation 30 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 & SEBI Circular No CIR/CFD/CMD/4/2015 Dated 9Th September 2015
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| 28 Mar 2024 | |
| Pursuant to Regulation 30 Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that, as per the Audit Committee Meeting and Board of Director's Meeting held on 28th March, 2024, the Board of Directors have decided to disinvest the 25,70,700 equity shares of M/s Hari Bhoomi Communications Private Limited at Fair Market Value. 1. The Amount and Percentage of Income and Net Worth - 12.46% & 3.64% 2. Date of Agreement - 28th March, 2024 3. Expected date of Completion - on or before 10th April, 2024 4. Consideration received from such Sale / Disposal - 57.73 Cr 5. Brief Details of the Buyers - Attached 6. Related Party Transactions done at Fair Market Value. 7. The above transaction does not relates to scheme of arrangement as per regulation 37A of LODR Regulations. 8. It does not amount to slump sale. | |
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