Business Standard

Outcome of board meeting of VHCL Industries

Image

Capital Market

Held on 29 July 2015

VHCL Industries announced that the Board of Directors of the Company at its meeting held on 29 July 2015 transacted the following -

Approved the draft scheme of demerger of the plastic division, on a going concern basis to new listed entity.

Approved selling of non-core assets like windmill and other non-productive investments in order to focus on its core business.

Approved to hold the AGM on 21 September 2015 for seeking approval of members for the above transactions.

Powered by Capital Market - Live News

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jul 30 2015 | 6:13 PM IST

Explore News