Scheme of Arrangement amongst Adani Enterprises Limited (for the purpose of this
part, referred to as 'Company' / 'Demerged Company') and Adani Wilmar Limited
('Resulting Company') and their respective shareholders and creditors ('Proposed
Scheme') pursuant to Sections 230 to 232 and other applicable provisions of the
Companies Act, 2013 ('Act')
Outcome of Board Meeting held on 29th October, 2024
The Board at the said Meeting has decided to withdraw the draft Scheme of Arrangement among Adani Enterprises Limited and Adani Wilmar Limited and their respective shareholders & creditors ('draft Scheme') that was approved by the Board in their meeting held on 1st August, 2024. The Board noted that Adani Wilmar Limited (AWL) requires to fulfill its
compliance obligations regarding Minimum Public Shareholding (MPS). During the period in which AWL is implementing the MPS strategy in accordance with the relevant SEBI Circulars, in order to offer directional clarity to shareholders, the draft Scheme is hereby withdrawn.
(As Per BSE Announcement Dated on 29.10.2024) | Powered by Capital Market - Live News |
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