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Rolta India Ltd. - Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015.

| Updated on May 11, 2019 Published on May 11, 2019

The Board of Directors of the Company (Board) at its meeting held today have accepted the offer received from the Streamcast Group (Investor) for subscribing to certain securities of Rolta BI & Big Data Analytics Private Limited (WoS) by making an investment of approximately INR 55,000,000,000/- in consideration for certain undertakings (as may be identified in the definitive agreements but excluding the defence, security and GIS business of the Company) being transferred by the Company to its WoS on slump sale basis as a going concern (and subject to such terms and conditions as may be identified in the definitive agreements) , which slump sale was approved by the Board as well.
The offer by the Investor and the acceptance by the Company is subject to, inter alia,: (a) the receipt of the necessary and requisite statutory and contractual approvals; and (b) completion of due diligence by the Investor and execution of definitive agreements within a period of 45 days from today.

Pdf Link: Rolta India Ltd. - Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015.

Source : BSE - www.bseindia.com

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Published on May 11, 2019
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