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Exchange Received Time  15/11/2018 20:42:26 Exchange Disseminated Time 15/11/2018 20:42:29 Time Taken 00:00:03 | In furtherance to the intimations dt August 10, 2018 & October 10, 2018, please be informed that Board constituted Reorganization Committee of the Company has further deliberated on the plans/structure for reorganization of the business of the Company and its subsidiaries including SORIL Infra Resources Limited and with a view to streamline the operations and ownership structure of the Company and to have a focused approach towards identified business segments viz. upcoming Insurance Business (comprising of life insurance, general insurance and/or other related businesses) and Non-insurance Business (including proposed pharma business), in a manner leading to maximization of stakeholders value and diversification of shareholders' portfolio by providing them direct ownership in each business segments, decided to recommend to the Board of the Company the revised proposal of composite re-organization. For details, pls refer the attachment. |
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