Price : [Trent - BSE:Rs. 520.00 NSE:Rs. 519.95 when posted]
Trent Ltd. has informed the Exchange vide its letter dated May 08, 2008 that: "At the meeting of the Board of Directors of the Company held today, the Board has approved the transfer of the hypermarket business being carried out by the Company under the name and style of Star Bazaar by way of a sale as a going concern to the Companys proposed wholly owned subsidiary to be named Trent Retail Limited (or such other name as may be permitted by the Registrar of Companies, Maharashtra) with effect from the opening of business on 1st April 2008 at book value as per Audited Accounts as on 31st March 2008.The above sale will be subject to the approval of the Shareholders of the Company which is proposed to be obtained by way of Postal Ballot. The Board has fixed 26th May 2008 as the cut off date for ascertaining the list of shareholders to whom the Notice along with the Postal Ballot Form will be sent".
Offline
Moneycontrol 
-4.10 -0.82%
Ads by Google
see more
