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| Exchange Disseminated Time | With reference to the earlier announcements regarding the proposed Scheme of Arrangement including Amalgamation and Demerger among Sundaram-Clayton Limited (SCL), and its wholly owned subsidiaries, namely, Anusha Investments Limited (AIL) and Sundaram Investment Limited (SIL), and their respective shareholders ("the Scheme"), subject to all requisite or necessary approvals/sanctions including under and in accordance with Sections 391-394 of the Companies Act, 1956 Sundaram Clayton Ltd has now informed BSE that
subsequently, the board of directors and the Committee of directors have considered and made certain changes / modifications to the earlier Scheme and approved the same subject to (a) approval of the stock exchanges, (b) approval of the shareholders of the respective Companies at Court convened separate meetings, and (c) sanction of the Hon'ble High Court of Madras under and in accordance with Sections 391-394 of the Companies Act, 1956.
The modified draft Scheme of arrangement, as approved at the meeting held on December 26, 2011. (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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