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| Exchange Disseminated Time | PCS Technology Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 14, 2013, have resolved and approved the draft Scheme of Amalgamation and Arrangement between PCS Positioning Systems (India) Limited (‘PPSIL’) and PCS International Limited, Mauritius (‘PIL Mauritius’) and PCS Technology Limited (‘PTL’ or ‘the Company’) and their respective shareholders under section 391 to 394 read with section 78 and 100 to 103 and other applicable provisions of the Companies Act, 1956 (The Scheme).
As the entire equity share capital of PPSIL and PIL Mauritius is directly held by PTL, no shares would be issued by PTL to its respective shareholders. |
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