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| Exchange Received Time 10/07/2017 16:09:11 Exchange Disseminated Time 10/07/2017 16:09:18 Time Taken 00:00:07 | Ref: Update of material developments in relation to intimations dated March 2, 2017 and May 26, 2017 under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 bearing reference AFL/SS/SE/15/2016-17 and AFL/SS/SE/34/2017-2018 respectively regarding sale of M/s.Accel Systems & Technologies Pte. Ltd., Singapore.
Pursuant to the intimations made by Accel Frontline Limited ('Company') on March 2, 2017 and May 26, 2017, the Company has completed the sale of its entire shareholding in M/s.Accel Systems & Technologies Pte. Ltd, Singapore ('ASTL') to M/s StarHub Ltd., on July 10, 2017. Pursuant to the aforesaid sale, ASTL is now no longer a subsidiary of the Company.
We request you to kindly take the above information on record.
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