At meeting held on 30 May 2015
Quadrant Televentures announced that the Board of Directors of the Company at its meeting held on 30 May 2015, has approved the disinvestment of 100% stake i.e. 10,000 equity shares of Rs. 10/- each, at par, in its wholly owned subsidiary Company - Infotel Tower Infrastructure.In terms of the provisions of Clause 49 of the Listing Agreement, Infotel Tower Infrastructure, is NOT a material subsidiary of the Company on the basis of criteria of consolidated income and net worth of the Company.
Infotel Tower Infrastructure has ceased to be a wholly owned subsidiary of the Company w.e.f. 30 May 2015.
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