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| Exchange Received Time 28/06/2018 17:01:13 Exchange Disseminated Time 28/06/2018 17:01:21 Time Taken 00:00:08 | The Board of Directors of the Company at the Meeting held today i.e. on June 28, 2018, had approved:
- Sale of Company''s entire Equity Stake comprising of 4 Crore Equity Shares of Re. 1 each, in its wholly owned subsidiary Ez-Mall Online Limited to M/ s. Altilis Technologies Pvt Ltd, a Promoter Group entity, at an aggregate consideration of Rs. 8.60 Crores, being the fair value
as determined by M/ s. BDO India LLP, an Independent Valuer; and
- Substitution of Company''s investment of Rs. 21.50 Crores in the Optionally Convertible Debentures of Ez-Mall into Non-Convertible Debentures of equivalent value of Ez-Mall. |
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