Others

Updates on Scheme of Demerger

| Updated on May 26, 2016 Published on May 26, 2016

With reference to the earlier letter dated April 22, 2016 regarding approval of Scheme of Demerger of ABT Limited, a promoter group company, by the Madras High Court and that upon the Scheme becoming effective on filing of the Order of the High Court together with the Scheme with the Registrar of Companies by ABT Limited, the equity shares held by ABT Limited representing 17.455% (87,27,400 equity shares) of the paid-up capital of the Company would be now vested with ABT Investments (India) Private Limited.

Sakthi Finance Ltd has now informed BSE that ABT Limited has, by their letter dated May 24, 2016, informed that they have filed the Order of the Madras High Court together with the Scheme of Demerger with the Registrar of Companies, Tamilnadu, Coimbatore and that the Scheme of Demerger has come into effect from May 24, 2016.

Pursuant to the above Scheme of Demerger, the equity shares held in Sakthi Finance Limited by ABT Limited have been vested with ABT Investments (India) Private Limited with effect from May 24, 2016.

Pdf Link: >Updates on Scheme of Demerger

Source : BSE - >www.bseindia.com

Published on May 26, 2016
This article is closed for comments.
Please Email the Editor