Mahaveer Infoway Ltd - Announcement Under Regulations 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015-Updates

In continuation to our intimation dated 28th February, 2019, regarding proposal to divest equity investment held in the M/s. Minfy Technologies private Limited (Minfy), a material subsidiary, this is to inform the Exchange that at the Extra-Ordinary General Meeting (EGM) of M/s. Mahaveer Infoway Limited held on Thursday the 28th day of February, 2019, the shareholders have approved divestment of 58% equity investment held by the Company in Minfy to the following investor pursuant to the requirement of capital to explore new infra sectors. Taking into consideration the Independent Valuation Report, the sale value of Investment is determined as INR 88,16,000.

In terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 the disclosure for the said divestment of equity investment is enclosed herewith as Annexure-1.

This is for the information and records of the Exchange, please.

Pdf Link: Mahaveer Infoway Ltd - Announcement Under Regulations 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015-Updates

Source : BSE - www.bseindia.com

Published on March 01, 2019

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