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| Exchange Disseminated Time | BPL Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 09, 2010, inter alia, has approved the following :
1. To transfer the Alkaline Battery Business of the Company to the proposed Joint Venture Company, subject to the approval of the members, lenders and regulatory authorities as may be necessary.
2. To invest in the equity share capital of the proposed Joint Venture, subject to the approval of the members, lenders and regulatory authorities, if any.
3. To get the required approvals from the Shareholders of the Company for the above two items through postal ballot. |
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