Tata Chemicals Ltd. - Announcement under Regulation 30 (LODR)-Scheme of Arrangement

| Updated on May 15, 2019 Published on May 15, 2019

In compliance with Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, we wish to submit that the Board of Directors of the Company at their meeting held today i.e. May 15, 2019, inter alia, have considered and accepted the recommendations of the Committee of Directors as well as the Audit Committee for the demerger of the Consumer Products Business of the Demerged Company to the Resulting Company, subject to the requisite statutory and regulatory approvals, and approved the aforesaid Scheme pursuant to Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 read with the rules framed thereunder and SEBI Circular No. CFD/DIL3/CIR/2017/21 dated March 10, 2017, as amended from time to time.

Pursuant to Regulation 30 of the Listing Regulations, details in respect of the Scheme are enclosed herewith as Annexure I.

Also enclosed is a press release being issued in this regard.

This is for your information and records.

Pdf Link: Tata Chemicals Ltd. - Announcement under Regulation 30 (LODR)-Scheme of Arrangement

Source : BSE - www.bseindia.com

Published on May 15, 2019
This article is closed for comments.
Please Email the Editor