At meeting held on 15 December 2016
Brigade Enterprises announced that the Board of Directors of the Company at its meeting held on 15 December 2016 approved the scheme of arrangement whereby three of the business undertakings of the Company, namely, the hotels business undertaking integrated clubs and convention centres business undertaking and 'Augusta Club' business undertaking of the Company, will be transferred, on a going concern basis to Brigade Hotel Ventures, Brigade Hospitality Services and Augusta Club, respectively. All the three transferee companies are wholly owned subsidiaries of the Company. The Appointed Date for the transfer is 01 October 2016.Powered by Capital Market - Live News
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