Outcome of Board Meeting

Genus Power Infrastructures Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 11, 2012, has approved the draft of the Scheme of Arrangement, inter alia, involving merger of Genus Paper Products Limited into the Company and demerger of Non Power Infrastructure Undertaking of the Company into a 100% subsidiary of the Company, with an overall objective of unlocking value for shareholders of the Companies.

Source : BSE - >www.bseindia.com

Published on January 11, 2012
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