|
| Exchange Received Time 30/05/2018 15:41:19 Exchange Disseminated Time 30/05/2018 15:41:22 Time Taken 00:00:03 | As per Reg 30 read with Schedule III, of SEBI (LODR) Regulations, 2015 as applicable, we hereby inform that the Board at its Meeting dated 29th May 2018 has inter-alia approved the acquisition of 10 % equity share of RCHOBBYTECH SOLUTIONS PRIVATE LIMITED out of which 2% would be transferred to Indian Institute of Management - Calcutta Innovation Park (IIM-CIP) for providing incubation support to the start-up and acquisition of 8.5 % equity share of KANPUR FLOWERCYCLING PRIVATE LIMITED out of which 2% would be transferred to Indian Institute of Management - Calcutta Innovation Park (IIM-CIP) for providing incubation support to the start-up.
The further details regarding the aforesaid acquisitions as stipulated in Regulation 30 of the Listing Regulations read with SEBI Circular CIR/CFD/CMD/4/2015 are enclosed as Annexure I.
The meeting of the Board of Directors commenced at 12:30 p.m. and concluded at 05:30 p.m.Request you to take the above information on record and acknowledge receipt. |
|
|