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Exchange Received Time  14/11/2017 17:24:20 Exchange Disseminated Time 14/11/2017 17:24:28 Time Taken 00:00:08 | Pursuant to Section 110 of the Companies Act, 2013 read with Rule 22 of the Companies (Management and Administration) Rules, 2014, as amended, the approval of the members of the Company was sought by means of postal ballot and e-voting for selling/transferring or otherwise disposing-off in one or more tranches, 77,158,778 Equity Shares of Rs.10 each of Hypercity Retail (India) Limited, a subsidiary of the Company, at a consideration of Rs.43.3687 per equity share, aggregating to Rs.334.63 Crore (Rupees Three Hundred and Thirty Four Crore and Sixty Three Lac) subject to adjustments as agreed, to Future Retail Limited, inter-alia on terms and conditions as provided in the explanatory statement, annexed to the Postal Ballot Notice dated October 5, 2017. Results of Postal Ballot and Disclosure under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 along Scrutinizer's Report dated November 14, 2017 are enclosed herewith. |
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