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73,651.35
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Corporate Announcement
Security Code
542333
Company
RPSG Ventures Ltd
Exchange Received Time
14/11/2019 20:14:25
Exchange Disseminated Time
14/11/2019 20:14:35
Time Taken
00:00:10
Corporate Action-Updates on Amalgamation/ Merger / Demerger |
11/14/2019 8:14:26 PM
This is in continuation of our earlier intimation, informing you that the Scheme was made effective
from 1 October 2017, except demerger of the Generation Undertaking of CESC Limited (CESC) into Haldia Energy Limited, a wholly-owned CESC subsidiary ('Demerger').
The Board of Directors, at its meeting held today, inter alia, discussed the present status of the Demerger and decided that it would be prudent and in the best interest of the Company, its shareholders and other stakeholders to no longer pursue the said Demerger.
The Company will make necessary application to the Kolkata bench of the National Company Law Tribunal in this regard.
We request you to kindly take this on record.
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