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| Exchange Disseminated Time | With reference to the earlier announcement regarding notifying the approval of the Composite scheme of arrangement and amalgamation among Sundaram - Clayton Limited (SCL) (and its wholly owned subsidiaries, namely Sundaram Investment Limited (SIL), TVS Investments Limited (TVSI) and Anusha Investments Limited (AIL) and their respective shareholders, by the Board of Directors at its meeting held on August 13, 2010, Sundaram Clayton Ltd has informed BSE that in the meeting of the Committee of Directors held on November 14, 2010, the draft Composite Scheme of Arrangement and Amalgamation among Sundaram-Clayton Limited,
Sundaram Investment Limited, TVS Investments Limited and Anusha Investments Limited and their respective shareholders was approved.
The Company has submitted to BSE the salient features of the said Scheme. The said Scheme was approved by the Committee of directors at its meeting held on November 14, 2010, subject to (a) approval of the stock exchanges, (b) approval of the shareholders of the Company at Court convened separate meetings, and (c) sanction of the High Court of Madras under and in accordance with Sections 391-394 of the Companies Act, 1956. (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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