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| Exchange Received Time 14/12/2017 22:37:25 Exchange Disseminated Time 14/12/2017 22:37:32 Time Taken 00:00:07 | This is with reference to our letters dated August 19, 2016 and April 28, 2017 intimating the approval of the board of directors and shareholders of Fortis Healthcare Limited ('Company'), respectively, in relation to the composite scheme of arrangement and amalgamation between the Company, Fortis Malar Hospitals Limited ('FMHL'), SRL Limited ('SRL') and their respective shareholders and creditors under Sections 230 to 232 of the Companies Act ('Act') (erstwhile Sections 391-394 of the Companies Act, 1956), read with Section 52 and Section 66 of the Act (erstwhile Sections 100 to 103 of the Companies Act, 1956) ('Scheme').
The Scheme was filed with the Chandigarh Bench of the National Company Law Tribunal ('NCLT') to seek sanction of the NCLT to the Scheme and the NCLT has adjourned the hearing of the petition filed for approval of the Scheme to December 20, 2017. The Board has today through circulation, approved the extension of the long stop date of December 31, 2017 to June 30, 2018 |
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