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| Exchange Disseminated Time 11/02/2017 08:40:37 | Asian Hotels (East) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 10, 2017, has after considering the report of the Audit Committee of the Company, has considered and approved a Scheme of Arrangement pursuant to Sections 230 and 232.of the Companies Act, 2013 for (1) demerger of the investment division (“Demerged Undertaking”) of GJS Hotels Limited (“GJSHL”) to AHEL and (2) reorganisation of the Share Capital and Debentures of Robust Hotels Private Limited (“RHPL”) with effect from the Appointed Date, being close of business hours on March 31, 2016.
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