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| Exchange Disseminated Time | FDC Ltd has informed BSE that based on valuation of independent valuers, the Board of Directors, at its meeting held on October 15, 2011, have resolved to purchase 100% equity shares of ASL, a related, unlisted Public Company, from its erstwhile shareholders, for a total consideration of Rs. 6.43 Crores, thereby making ASL, a wholly owned subsidiary of FDC Limited.
Though ASL does have not any substantial operations, it owns a property at Dombivali admeasuring 81,855 sq.ft. which FDC proposes to use for its business operations. |
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