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| Exchange Received Time 04/05/2018 21:48:12 Exchange Disseminated Time 04/05/2018 21:48:19 Time Taken 00:00:07 | In continuation to our letter Ref. No. FHL/SEC/STEX/RR/2018-19 dated April 28, 2018 titled 'Outcome of the Adjourned Board Meeting dated April 27, 2018', it is hereby informed that basis the direction made by the Board, the Company has appointed Arpwood Capital Private Limited, an eminent investment banking firm engaged in providing merger, acquisition and capital raising advisory services. The firm will act as financial advisor to the Board of Directors of the Company to provide its independent opinion on (a) the offers received or to be received from bidders for a potential significant equity investment and/or acquisition or restructuring of its assets, and (b) on the appropriateness of the process put into place for dealing with the said offers.
We will keep the stock exchanges updated/informed in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
This is for your information and records please. We assure you of our full cooperation at all times. |
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