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| Exchange Received Time 24/10/2018 19:21:48 Exchange Disseminated Time 24/10/2018 19:21:55 Time Taken 00:00:07 | We refer to our letter dated September 25, 2018 whereby exchanges were informed about the approval of the Board of Directors of the Company to the Scheme of Merger between Bill Forge Private Limited (Bill Forge) and Mahindra CIE Automotive Limited (MCIE or Company) and their respective shareholders (the Scheme). The said scheme solely provides for merger of a wholly owned subsidiary (i.e. Bill Forge) with the parent company (i.e. MCIE).
In accordance with Regulation 37(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 read with Clause 7 of Circular no. CFD/DIL3/CIR/2017/21 dated March 10, 2017 issued by SEBI, as amended from time to time, draft of the Scheme is filed herewith with the Stock Exchanges for the purpose of disclosures and the Stock Exchanges are requested to disseminate the Scheme on their websites. |
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