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| Exchange Disseminated Time | Gujarat Narmada Valley Fertilizers Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 31, 2010, inter alia, approved:
1. The Transfer of V-SAT/ISP Gateway Business of GNFC to ING Satcom Ltd., an unlisted Company through Scheme of Arrangement and De-merger against cash consideration of Rs. 6 Crores; and
2. Draft Scheme of Arrangement and De-merger in respect of the proposed Transfer of V-SAT/ISP Gateway Business to ING Satcom Ltd., an unlisted Company. |
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