Power Today |
 
Advertise Here [728 W x 90 H pixels]
News Brief | November 2015

Bhagyanagars solar biz to merge with Surana Telecom

The board of directors of Bhagyanagar India and Surana Telecom and Power in their respective meetings have approved the proposal to demerge the solar business of Bhagyanagar and merge it with the latter.

Pursuant to the scheme of arrangement, Surana Telecom will issue and allot two fully paid-up equity shares of Rs.1 each to the shareholders of Bhagyanagar India for every three shares of Rs.2 each held by them.

According to the scheme approved by the respective board of directors, the demerger is proposed to be undertaken through a court-approved scheme of arrangement. April 1, 2016, has been chosen as the appointed date for the transaction.

Post your comment
Name:  
Email:    
Comments:  
Verification Code:   Change Image

 

Posted Comment
1 .     Yogesh Says:
17 Oct 2016
I wish to start pvc / pp electric wire unit in Delhi. What kind of information I can get if I subscribe for your magazine

2 .     Sarfaraj Bilakhiya Says:
20 Sep 2016
Pls invite me all auction in gujarat

3 .     k.natarajan Says:
20 Jun 2016
we are doing business developing for solar power ,thermal power , customer supporting and we have 45 mw splar power on hand needs investors..... thanks lot pls call +910842559230 +919842753550


Advertise Here [728 W x 90 H pixels]