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| Exchange Disseminated Time 15/02/2017 19:36:23 | | Shristi Infrastructure Development Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 14, 2017, have approved of a scheme of arrangement pursuant to Section 230 and other applicable provisions of the Companies Act 2013, for (1) Amalgamation of East Kolkata Infrastructure Development Private Limited (wholly owned subsidiary of the Company) with the Company and (2) Demerger of hospitality business of the Company to Vipani Hotels & Resorts Private Limited (another wholly owned subsidiary of the Company). The appointed date proposed is January 01, 2017. The scheme is subject to various statutory approvals. |
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