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26 Sep 24 | 15:59
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BSE SENSEX
85,836.12
+666.25
+0.78 %
Corporate Announcement
Security Code
523598
Company
Shipping Corporation of India Ltd
Exchange Received Time
09/05/2022 18:50:44
Exchange Disseminated Time
09/05/2022 18:50:44
Time Taken
00:00:00
Update On The Scheme Of Demerger |
05/09/22 18:50
We wish to inform you that at the meeting of Board of Directors of the company held on 06.05.2022, the Board has approved certain modifications in the Scheme of Arrangement for Demerger of Non -core assets of Shipping Corporation of India Ltd into Shipping Corporation of India Land and Assets Ltd. The said modification is subject to approval of Ministry of Ports, Shipping and Waterways (MoPSW) and DIPAM. The modified scheme of arrangement will be submitted to your good office upon the confirmation on said modification by Ministry of Ports, Shipping and Waterways (MoPSW) and DIPAM. The said changes will not impact the Share Entitlement ratio and other major terms and conditions of the Scheme of Arrangement for the Shareholders. This is for your information and records. Thanking You.
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