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| Exchange Disseminated Time 25/05/2016 15:05:54 | With reference to the earlier letter dated April 20, 2016 regarding approval of Scheme of Demerger of ABT Limited, a promoter group company, by the Madras High Court and that upon the Scheme becoming effective on filing of the Order of the High Court together with the Scheme with the Registrar of Companies by ABT Limited, the equity shares held by ABT Limited representing 70.12% of the paid-up capital (pre-preferential issue) of the Company would be vested with ABT Investments (India) Limited.
Sakthi Sugars Ltd has now informed BSE that ABT Limited has, vide their letter dated May 24, 2016, informed that they have filed the Order of the Madras High Court together with the Scheme of Demerger with the Registrar of Companies, Tamilnadu, Coimbatore and that the Scheme of Demerger has come into effect from May 24, 2016.
Pursuant to the aforesaid Scheme of Demerger, the equity shares held by ABT Limited in the Company have been vested with ABT Investments (India) Private Limited on May 24, 2016 and ABT Investments (India) Private Limited has become the Company's Holding Company with effect from that date. |
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