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BSE SENSEX
74,339.44
+486.50
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Corporate Announcement
Security Code
532810
Company
POWER FINANCE CORPORATION LTD.
Exchange Received Time
21/02/2019 11:14:14
Exchange Disseminated Time
21/02/2019 11:14:21
Time Taken
00:00:07
Extraordinary General Meeting Of The Shareholders To Be Held On 19Th March, 2019 |
2/21/2019 11:14:15 AM
This is to inform that the Board of Directors have approved scheduling an Extraordinary General Meeting of the shareholders of the Company to be held on Tuesday, the 19th March, 2019 at 10.30 a.m. at Dr. SRKVS Auditorium (Dr. Sarvepalli Radhakrishnan Auditorium), Kendriya Vidyalaya No. 2, Near APS Colony, Gurgaon Road Delhi Cantt, New Delhi- 110010 to consider and approve the following:
1. To enter into a Related Party Transaction (RPT) for acquiring GoI's 1,03,93,99,343 fully paid up equity shares of REC Limited together with management control.
2. To authorize the Board of Directors to do all such acts, deeds and things as may be deemed necessary including but not limited to negotiating, finalizing and signing a share purchase agreement, other agreements, declarations and documents, fixing the price, quantum, consideration, premium, terms of payment including in advance or otherwise etc. for giving effect to the said RPT.
A copy of the Notice of the EGM approved by the Board is enclosed.
The Company is providing remote e-voting facility to all the Shareholders of the Company to exercise their voting rights. The cut-off date for the purpose of determining the voting rights of shareholders of the Company, holding shares either in physical form or in dematerialized form, is 13th March, 2019. The e-voting period commences on 16th March, 2019 at 10.00 am and will end at 5.00 pm on 18th March, 2019.
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