|
| Exchange Received Time 18/07/2017 18:32:29 Exchange Disseminated Time 18/07/2017 18:32:33 Time Taken 00:00:04 |
In terms of Regul. 30 and other applicable provisions of the SEBI(LODR) Regulations, 2015, it is hereby informed that the Board of Directors at its Meeting held on 17.07.2017, has, subject to the approval of the shareholders of the Company, accorded its consent to divestment of its entire stake in DigiCall Teleservices Private Limited ('DTPL'), a wholly owned subsidiary of the Company to unrelated third parties to be identified, pursuant to which (i) DTPL will cease to be a wholly owned subsidiary of the Company; and (ii) DigiCall Global Private Limited, a wholly owned subsidiary of DTPL and a step down subsidiary of the Company, shall cease to be a subsidiary of the Company. The Company will make appropriate disclosures upon finalization of the buyer(s) and execution of binding agreements in relation to the proposed divestment.The Board of Directors have also confirmed appointment of MZ & Associates, Firm of Practicing Company Secretaries as Scrutinizer for Postal Ballot.
|
|
|