|
| Exchange Disseminated Time 12/07/2016 14:41:00 | Birla Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 12, 2016,
has considered and approved the proposal for acquisition of a part of equity shares of Birla Ericsson Opticals Limited (BEOL) in accordance with the terms and conditions of Share Purchase Agreement entered into/ to be entered amongst Ericsson Network Technologies AB (ENT) (Formerly known as Ericsson Cables AB), Sweden, Universal Cables Limited and Vindhya Telelinks Limited, the Joint Venturers of BEOL. After such acquisition of shares of ENT in BEOL by the Company and other promoter’s and promoter group persons or entities, Ericsson Network Technologies AB (formerly known as Ericsson Cables AB), Sweden shall cease to be a promoter shareholder/technical collaborator of BEOL. |
|
|