Notifications, Scrip Scan

Daily Notifications as on 23rd April, 2020

Scrip Sanctuaries for protection from the wildlife in this jungle of Indian Equities

Daily Notifications as on 23rd April, 2020

1. Scrip code : 534816
Name : Bharti Infratel Limited
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
The Board of Directors of the Company met earlier today and took note of the status of Scheme of arrangement between Indus and Bharti Infratel. Since the conditions precedent to be fulfilled for the Scheme to become effective cannot be completed by the extended Long Stop Date i.e. April 24, 2020, the Board of Directors have further extended the Long Stop Date till June 24, 2020, subject to agreement on closing adjustments and other conditions precedent for closing, with each party retaining the right to terminate and withdraw the scheme. The final decision to implement the scheme will be taken by the Board keeping in mind the best interest of the Company and its stakeholders.

2. Scrip code : 500164
Name : Godrej Industries Ltd.
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
This is with reference to the Scheme of Arrangement (Demerger) between Ensemble Holdings and Finance Limited (‘the Demerged Company’) and Godrej Industries Limited (‘the Resulting Company’) and their respective Shareholders pursuant to Section 230 to Section 232 of the Companies Act, 2013 and other applicable provisions of the Companies Act, 2013 (‘Scheme’), subject to receipt of applicable regulatory and other approvals. In this regard, we are pleased to inform you that the final hearing for the Scheme was conducted by the Hon’ble National Company Law Tribunal, Mumbai Bench (‘Hon’ble NCLT’) via videoconferencing on April 22, 2020 and an Order was passed approving the Scheme. An uncertified copy of the said Order is made available on April 23, 2020 on the website of the Hon’ble NCLT. Order of the Hon’ble NCLT as uploaded on their website is attached herewith for your record.

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