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| Exchange Received Time 14/11/2017 23:56:40 Exchange Disseminated Time 14/11/2017 23:56:48 Time Taken 00:00:08 | This is to inform you that the Board of Directors of the Company at its meeting held today, inter-alia, considered and approved execution by the Company of a term sheet containing an exclusivity arrangement, in relation to the proposed acquisition of the equity and financial securities, under RHT Health Trust for a combined enterprise value of approx. Rs. 4650 Crores (including RHT Debt of approx. Rs. 1152 crore) from the wholly-owned subsidiaries of RHT. It is hereby further informed that the Un-Audited Financial Results for the quarter and half year ended on 30.09.2017 which was planned to be tabled before the Board today, could not be tabled pending finalization, which was attributed due to engagement of the team in firming aforesaid transaction. The stock exchanges shall be intimated of a fresh date of Board Meeting in due course.
Further it is also informed that Ms. Shradha Suri Marwah has tendered her resignation from Directorship of the Company with immediate effect. |
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