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BSE SENSEX
73,852.94
+114.49
+0.16 %
Corporate Announcement
Security Code
532144
Company
Welspun Corp Limited
Exchange Received Time
05/09/2018 19:09:32
Exchange Disseminated Time
05/09/2018 19:09:39
Time Taken
00:00:07
Announcement under Regulation 30 (LODR)-Scheme of Arrangement |
09/05/18 19:09
Pursuant to Regulation 30 read with Schedule III of the Listing Regulations, we inform you that the Board of Directors of the Company ("Board") at its meeting held on 5th September, 2018 have, inter alia, considered and approved the draft Scheme.
With a view to streamline the promoter holding in WCL and to eliminate layer of promoter shareholder company, the scheme provides for merger of WPL, a promoter company and a shareholder of WCL, into WCL.
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