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| Exchange Received Time 06/11/2017 20:06:39 Exchange Disseminated Time 06/11/2017 20:06:43 Time Taken 00:00:04 | | Notice is hereby given that pursuant to Section 110 of the Companies Act, 2013, read with the Companies (Management and Administration) Rules, 2014, that a Special Resolution under Section 180 (1)(a) of the Companies Act, 2013 and the Rules made thereunder authorizing the sale and transfer of the Company's business of manufacture, sale, marketing and distribution of domestic formulations in India and Nepal, as agreed between the parties by way of a slump sale on a going concern basis, to Torrent Pharmaceuticals Limited for a total consideration of INR 3,600 crores (Indian Rupees three thousand six hundred crores) subject to such price adjustments and amendments, if any, as may be agreed as set out in the Notice of Postal Ballot dated November 3, 2017 is proposed to be passed by Members of the Company by way of Postal Ballot . |
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