Idea Cellular Ltd has informed BSE that at the Meeting(s) of the Equity Shareholders, Secured and Unsecured Creditors, convened and held pursuant to the directions of the Hon'ble High Court of Gujarat, on June 25, 2009 and June 26, 2009 respectively, the Equity Shareholders, Secured and Unsecured Creditors of the Company have duly approved the Scheme of Arrangement - Demerger of Passive Infrastructure of the Company to its wholly owned subsidiary Idea Cellular Towers Infrastructure Ltd, between Idea Cellular Ltd and Idea Cellular Towers Infrastructure Ltd and their respective Shareholders and Creditors with requisite majority.
Idea Cellular Ltd has informed BSE that the Hon'ble High Court of Gujarat at Ahmedabad has sanctioned the Scheme of Arrangement - Financial Restructuring u/s 391 of the Companies Act, 1956.
Idea Cellular Ltd has informed BSE that the Hon'ble High Court of Gujarat at Ahmedabad has sanctioned the Scheme of Arrangement between Idea Cellular Ltd and Idea Cellular Towers Infrastructure Ltd and their respective Shareholders and Creditors for Demerger of Passive Infrastructure of the Company to its wholly owned subsidiary Idea Cellular Towers Infrastructure Ltd u/s 391-394 of the Companies Act, 1956.
(As Per BSE Announcement Website dated on 08.09.2009) | Powered by Capital Market - Live News |
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