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| Exchange Disseminated Time | Viceroy Hotels Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 08, 2013, has took the following decisions :
1. Approved the proposal to sell the entire 'Chennai Project Division' comprising of 'Chennai Hotel Project’ and "Chennai Residential Project" to M/s. Ceebros Hotels Private Limited, Chennai for a total consideration of Rs. 480 crores.
2. Approved the Draft Postal Ballot Notice under Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001 with regard to Sale of the above said 'Chennai Project Division’.
3. Authorized Mr. P. Prabhakar Reddy, Managing Director and Mr. M. Satish Choudhury, Company Secretary to carry out the postal ballot process.
4. Appointed Ms. N. Vanitha, Practicing Company Secretary as Scrutinizer for the Postal Ballot. |
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