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| Exchange Disseminated Time | Viceroy Hotels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 17, 2010, inter alia, has considered and approved the following:
1. Draft Scheme of Arrangement for Demerger of Bangalore Project Division to the Wholly Owned Subsidiary (WOS).
2. Appointment of M/s. L.V.V. Iyer &. Associates, Hyderabad as Advocates to represent the Company before Hon'ble High Court of Andhra Pradesh for the Demerger.
3. Appointment of M/s. Vivro Financial Services P. Ltd. Category I Merchant Bankers to obtain "Fairness Opinion" on the Valuation of the Assets being transferred under the Scheme.
4. Resignation of Mr. J. Srinivasa Murthy as Financial Controller and Company Secretary.
5. Appointment of Mr. P. Lenin Babu as Company Secretary and Compliance Officer of the Company. |
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