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| Exchange Received Time 17/07/2017 18:35:12 Exchange Disseminated Time 19/07/2017 11:47:27 Time Taken 17:12:15 | The Board of Directors of the Company in their meeting held on July 17, 2017 approved the scheme of arrangement to amalgamate two of its wholly owned subsidiaries i.e. M/s MPS Telecom Private Limited and M/s Oneworld Teleservices Private Limited in the Company under a single scheme of arrangement pursuant to section 233 of the Companies Act, 2013 under the fast track route.
This disclosure is provided in compliance with Regulation 30(2) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with sub-para 1.2 of Para A 1 of Annexure I of Circular bearing number CIR/CFD/CMD/4/2015 dated 9th September, 2015 issued by Securities and Exchange Board of India.
The detailed information as required to be disclosed in this regards in terms of SEBI Circular no. CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed herewith as Annexure A.
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