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BSE SENSEX
74,339.44
+486.50
+0.66 %
Corporate Announcement
Security Code
532832
Company
INDIABULLS REAL ESTATE LTD.
Exchange Received Time
02/11/2019 04:32:57
Exchange Disseminated Time
02/11/2019 04:33:05
Time Taken
00:00:08
Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 - Update On Divestment Of London Property |
11/02/19 04:32
In furtherance to intimations dated April 23, 2019 and August 14, 2019, please be informed that pursuant to and in terms of the authorization of shareholders of the Company vide special resolution passed at Annual General Meeting held on 28th September 2019 with almost 100% favorable votes without participation of the promoters and promoter group, the Company's wholly owned subsidiary has divested its entire stake in Century Limited, which indirectly owns Hanover Square property, London ('London Property'), to Clivedale Overseas Limited, an entity owned by the Promoters of the Company.
With this, the Century Limited ceases to be a subsidiary of the Company.
The details, in terms of Regulation 30 of SEBI LODR read with SEBI Circular no CIR/CFD/CMD/4/2015, dated September 9, 2015, are attached.
This is for your information and records please.
Attachment
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