At meeting held on 26 August 2019
The Board of Dilip Buildcon at its meeting held on 26 August 2019 has approved the proposal for divestment either partly or wholly the equity stake of the Company in 5 BOT (HAM projects) namely DBL Mangloor Highways, DBL Sangli Borgaon Highways, DBL Borgaon Watambare Highways, DBL Mangalweda Solapur Highways and DBL Chandikhole Bhadrak Highways, wholly owned subsidiaries of our Company (formed in the nature of Special Purpose Vehicles (SPVs)) to one or more potential investors ('the Investor') and/or dilution of shareholding percentage in the SPVs in such a manner that the Company may cease to exercise control over the said SPVs including further issue of share capital/OCD to the Investor by the said SPVs, in a phased manner over a period of time.Powered by Capital Market - Live News
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