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Exchange Received Time  06/03/2017 08:57:01 Exchange Disseminated Time 06/03/2017 09:23:10 Time Taken 00:26:09 | The Board of Directors of MT Educare Limited, at its meeting held on March 6, 2017, have approved entering into a confidentiality, exclusivity and standstill agreement to evaluate a potential strategic collaboration by way of a scheme of arrangement or any other suitable structure between MT Educare Limited and Nspira Management Services Private Limited. The agreement provides for a mutually agreed exclusivity period for due diligence and discussions between MT Educare Limited and Nspira Management Services Private Limited in relation to the proposed transaction.The proposed arrangement or structure shall be subject to due diligence, agreement on appropriate transaction structure, board, shareholder, regulatory, NCLT and any other third party approvals, as may be applicable. MT Educare Limited will make necessary disclosures to the stock exchanges as and when required |
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