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| Exchange Disseminated Time 14/01/2017 18:19:21 | | Aksh Optifibre Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 14, 2017, have considered and approved, after recommendation of the Audit Committee, the Scheme of Amalgamation between APAksh Broadband Limited (Transferor Company/ APAksh) & Aksh Optiflbre Limited (Transferee Company/ AKSH) and their respective shareholders and creditors, under section 391-394 of the Companies Act-1956, corresponding to Sections 230-236 and all other applicable provisions, if any, of the Companies Act, 2013, subject to approval of shareholders, creditors, Securities and Exchange Board of India, the National Stock Exchange of India Ltd (NSE) and the Bombay Stock Exchange Ltd (BSE), the Registrar, the Official Liquidator, Regional Director, the National Company Law Tribunal and / or such competent statutory / regulatory authorities as may be required under applicable laws. |
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