Held on 14 July 2016
Birla Ericsson Optical announced that the Board of Directors of the Company at its meeting held on 14 July 2015 took note of the termination of the joint venture agreement consequent to completion of the inter se transfer / acquisition of equity shares held by Ericsson Network Technologies, AB (Formerly known as Ericsson Cables AB), Sweden (hereinafter referred as ENT). Pursuant to inter se transfer of 82,50,000 fully paid up equity shares of Rs 10 each held by ENT to the other Indian promoter/ promoter group persons/ entities of the Company, ENT ceased to be the promoter / shareholder/ technical collaborator of the Company.Powered by Capital Market - Live News
