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Outcome of Board Meeting

| Updated on February 02, 2018 Published on March 06, 2017

We wish to inform you that the Board of Directors of MT Educare Limited, at its meeting held on March 6, 2017, have approved entering into a confidentiality, exclusivity and standstill agreement to evaluate a potential strategic collaboration by way of a scheme of arrangement or any other suitable structure between MT Educare Limited and Nspira Management Services Private Limited. The agreement provides for a mutually agreed exclusivity period for due diligence and discussions between MT Educare Limited and Nspira Management Services Private Limited in relation to the proposed transaction. Current discussions are at preliminary stage. The proposed arrangement or structure shall be subject to due diligence, agreement on appropriate transaction structure, board, shareholder, regulatory, NCLT and any other third party approvals, as may be applicable. MT Educare Limited will make necessary disclosures to the stock exchanges as and when required.

Pdf Link: Outcome of Board Meeting

Source : BSE - www.bseindia.com

Published on March 06, 2017
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