Intimation of approval of Scheme of Scheme of Demerger of a Promoter Group Company by the Madras High Court

| Updated on April 20, 2016 Published on April 20, 2016

Sakthi Sugars Ltd has informed BSE that A B T Limited, a Company belonging to the Promoter Group, holding majority equity shares (i.e. 70.12%) in the Company, has informed on April 20, 2016 that a Scheme of Demerger of ABT Limited has been approved by the Honble 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 has been vested with ABT Investments (India) Private Limited effective from the date of implementation of the Scheme.

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 hold the aforesaid equity shares of the Company as a Promoter Group Company.

Source : BSE - >www.bseindia.com

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on April 20, 2016
This article is closed for comments.
Please Email the Editor