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| Exchange Disseminated Time 02/01/2017 17:43:41 | Bajaj Hindusthan Sugar Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 02, 2017, inter alia, has considered seeking necessary approval of shareholders, the following by way of postal ballot:
1. In terms of Section 180(1)(a) of the Companies Act 2013 for sale of Co-generation business comprising of power generation facility aggregating to 449 MW.
2. In terms of Section 188 of the Companies Act 2013 and Rules there under and Regulation 23 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation 2015 for entering into contracts/arrangements in respect of the aforesaid transaction with related party for sale of Co-generation power business and also transactions of purchase of Power and Steam, sale of Bagasse, Bio gas and water, right to use agreement for use of common facilities, etc. |
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