08 Aug 22 | 16:00
Shipping Corporation of India Ltd
Exchange Received Time
Exchange Disseminated Time
Announcement under Regulation 30 (LODR)-Diversification / Disinvestment |
11/17/2021 1:04:38 PM
In continuation to our announcement dated 11.11.2021 and pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, we hereby inform that: The Board of Directors of Shipping Corporation of India Land and Assets Limited in its meeting held on 16th November, 2021, has considered and approved the Scheme of Arrangement for Demerger of 'Non-Core Assets' between The Shipping Corporation of India Ltd ('Demerged Company') and Shipping Corporation of India Land and Assets Ltd ('Resulting Company'). The Company is taking necessary actions to obtain all necessary approvals from the Competent Authority/ies to bring this Scheme into effect. Once the necessary approvals are obtained, the Company will furnish the details to the Stock Exchanges.
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10 Aug 22|05:26 (IST)