Markets

Alstom T&D seeks shareholders’ nod to change name

PTI New Delhi | Updated on January 17, 2018 Published on July 01, 2016

Alstom T&D India has sought shareholders’ approval to change the name of the company to GE T&D India after the takeover of the company by US giant GE.

The special resolution to change the name is on the agenda of Annual General Meeting to be held on July 26, Alstom T&D said in a BSE filing.

Earlier this year, the US-based energy and healthcare giant GE had made an open offer following its $16.9 billion bid to acquire the global energy assets of French multinational Alstom.

Alstom had two listed entities in India with business interests in power generation and transportation (Alstom India) and transmission and distribution sector (Alstom T&D).

The company has also sought shareholders’ approval to declare a dividend of Rs 1.80 per equity share for the financial year ended on March 31, 2016.

Published on July 01, 2016
This article is closed for comments.
Please Email the Editor