28th-Oct-2009 13:54Source: BSE

CHI Investments equity shareholders approve Scheme of Arrangement

CHI Investments Ltd has informed BSE that pursuant to the directions given by the Hon''ble High Court of Bombay under section 391 of the Companies Act, 1956, a meeting of the Equity Shareholders of the Company was held on October 23, 2009, for the purpose of considering and, if thought fit, approving with or without modification(s), the arrangement embodied in the Scheme of Arrangement between Summit Securities Ltd. and Brabourne Enterprises Ltd. and Octav Investments Ltd. and CHI Investments Ltd. and RPG Itochu Finance Ltd. and Instant Holdings Ltd. and KEC Holdings Ltd. anti their Respective Shareholders ("Scheme"). Further the Company has informed that, at the said meeting, the equity shareholders have approved the Scheme without any modifications with the requisite majority.