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Jitf Infralogistics Ltd - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements

| Updated on July 17, 2018 Published on July 17, 2018

In compliance with Regulation 30 of the (SEBI LODR Regulations), this is to inform you that to augment the business of the Company, JITF Urban Infrastructure Services Limited (JUISL), the unlisted material subsidiary of the Company has entered into a strategic Investment Agreement on July 16, 2018 with Technomechanical Services Private Limited (TSPL) pursuant to which JUISL has agreed to transfer up to 49% (Forty Nine Percent) shareholding in its wholly owned subsidiary i.e. JITF Water Infrastructure Limited (JWIL) to TSPL or its designated representatives in one or more tranches upon fulfilment of condition precedents.

The material unlisted subsidiary of the Company i.e. JITF Urban Infrastructure Services Limited (JUISL), shall continue to hold 51% (Fifty One Percent) of the paid-up share capital of JWIL along with the right to appoint the majority of directors of the JWIL including the right to appointment of the independent director in accordance with the SEBI LODR Regulations.

Pdf Link: Jitf Infralogistics Ltd - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements

Source : BSE - www.bseindia.com

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Published on July 17, 2018
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