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| Exchange Disseminated Time | Shriram EPC Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 22, 2013, has approved the following items of business :
1. The sale and transfer of 20,210,020 ordinary shares of Shriram EPC (Singapore) PTE. Ltd. held by the Company to Shriram Industrial Holdings Private Limited and the consequent indirect acquisition of the shareholding and control of Orient Green Power Company Limited by Shriram Industrial Holdings Private Limited (Sale Transaction);
2. The execution of the Master Framework Agreement to be entered into by the Company in relation to the Sale Transaction;
3. The sale and transfer of 374,429 equity shares of Blackstone Group Technologies Private Limited held by the Company to Shriram Industrial Holdings Private Limited;
4. The sale and transfer of 8,660,445 equity shares of Hamon Shriram Cottrell Private Limited held by the Company to Shriram Industrial Holdings Private Limited;
5. The sale and transfer of 80,697,877 equity shares of Leitwind Shriram Manufacturing Limited held by the Company to Shriram Industrial Holdings Private Limited;
6. The sale and transfer of 11,650,001 equity shares of Shriram SEPL Composites Private Limited held by the Company to Shriram Industrial Holdings Private Limited; and
7. Issuance of notice of postal ballot for obtaining the approval of shareholders for the above transactions. |
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