Held on 26 September 2014
India Cements announced that the Board of Directors of the Company at its meeting held on 26 September 2014, has transacted the following:1. approved the proposal to demerge Chennai Super Kings (CSK) - BCCI-IPL Franchise 20/20 Cricket Tournament Team into a wholly-owned subsidiary of the Company, by transferring its net assets at cost. The effective date of transfer will be 01 January 2015. The proposal is subject to appropriate approvals; and
2. recorded the appointment with effect from 26 August 2014 of Nagraj Garla as Nominee of IDBI Bank on the Board in the place of G. M. Yadwadkar.
Powered by Capital Market - Live News