Corporate Announcement
Security Code : 532762    Company : ACE    
 
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  Exchange Received Time  11/11/2017 15:10:34         Exchange Disseminated Time   11/11/2017 15:10:40              Time Taken   00:00:06
The Board of Directors of the Company at its meeting held on November 11, 2017, has considered and approved a Scheme of Amalgamation of Frested Limited, a wholly owned subsidiary of the Company, with the Company under Section 230-232 & 234 of the Companies Act, 2013 ('Scheme').
The Scheme is subject to necessary statutory and regulatory approvals including the approvals of Reserve Bank of India, National Company Law Tribunal, the respective Shareholders and Creditors, if any of each of the Companies involved in the Scheme.
 

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