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| Exchange Received Time 10/08/2018 20:32:45 Exchange Disseminated Time 10/08/2018 20:32:55 Time Taken 00:00:10 | We enclose hereto the Un-audited Standalone and Consolidated Financial Results, along with Limited Review Reports, for the quarter ended June 30, 2018, approved by the Board of the Company at its meeting held on August 10, 2018.
Further, to have focused business operations of Life Insurance, General Insurance, Customer platform and/or other financial services business, the Board has considered various options to restructure/ reorganize the ongoing and proposed business of the Company and/or its subsidiaries and constituted a Reorganization Committee to evaluate various options including demerger / transfer of its non-financial business segment(s) to SORIL Infra Resources Ltd. The proposed restructuring, subject to all applicable approvals, would streamline the operations and ownership structure of the Company and unlock the value of Company's shareholders by providing them direct ownership/shareholding in SORIL Infra Resources Ltd.
For details, refer attachment. |
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