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| Exchange Disseminated Time 27/08/2016 18:57:49 | With reference to the earlier latter dated May 09, 2016 had informed the exchange about the execution of Share Sale and Purchase Agreement (“SPA") envisaging sale of 2,28,02,541 (Two crore Twenty Eight Lakh Two Thousand Five Hundred and Forty One) equity shares held by the Company in Vardhman Yarns and Threads Limited (“VYTL”) aggregating to 40% (Forty per cent) of the issued, subscribed and paid-up equity share capital of VYTL to American & Efird Global, LLC (“A&E Global”) subject to fulfilment of the conditions precedent contained in the SPA.
Vardhman Textiles Ltd has now informed BSE that since the Company is in process of closing the transaction, the Company has decided that the “Trading Window” of the Company shall remain closed from August 29, 2016 (09:00 a.m.) and will re-open 48 hours after the proposed transaction takes place. |
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