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| Exchange Disseminated Time 30/11/2016 16:23:57 | Geojit BNP Paribas Financial Services Ltd has informed BSE that BNP Paribas S A, notified the Company that they acquired control of Sharekhan Limited on November 23, 2016.
Consequent to this acquisition, Ms. Franciska Decuypere and Mr. Jean Philippe Huguet nominees of BNP Paribas S A, resigned from the Board of Directors of the Company effective close of business hours of November 25, 2016 and November 23, 2016 respectively. The resignation is in accordance to the terms of Restated Shareholders Agreement entered between the Company, BNP Paribas S A, its affiliate and the initial promoters of the Company dated January 22, 2016. |
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