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Corporate Announcement
Security Code
500477
Company
ASHOK LEYLAND LTD.
Exchange Received Time
18/05/2018 16:00:28
Exchange Disseminated Time
18/05/2018 16:00:32
Time Taken
00:00:04
Announcement under Regulation 30 (LODR)-Scheme of Arrangement |
5/18/2018 4:00:29 PM
This is to inform that the Board of Directors of the Company have approved the Scheme of Amalgamation of Ashok Leyland Vehicles Limited (Transferor Company 1), Ashley Powertrain Limited (Transferor Company 2) and Ashok Leyland Technologies Limited (Transferor Company 3) (together known as Transferor Companies) with Ashok Leyland Limited (Transferee Company) under Sections 230 to 232 of the Companies Act, 2013 read with relevant Rules as applicable, subject to various regulatory approvals and the Honorable National Company Law Tribunal, Chennai Bench. The Appointed Date for the Scheme of Amalgamation shall be April 1, 2018.
The disclosure as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as Annexure - A.
We request you to note and take the above information on record.
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