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Genus Power Infra: Update on scheme of arrangement

Genus Power Infrastructures has informed that Scheme of Arrangement for amalgamation of Genus Paper Products with the Company and demerger of 'Non Power Infrastructure Undertaking' of the Company into Genus Paper & Boards Limited has been slightly modified by insertion of in Clause 23 and Clause 25 of the Scheme.

January 03, 2013 / 11:38 IST
     
     
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    Genus Power Infrastructures Ltd has informed BSE that the meeting of secured creditors of Genus Paper Products Limited ("Transferor Company") on October 18, 2012, and the resolution passed by the Restructuring Committee of the Board of Directors of the Company and by the Board of Directors of the Transferor Company and Genus Paper & Boards Limited at their respective meetings held on December 17, 2012, Further the Company now inform that Scheme of Arrangement ("Scheme") for amalgamation of Genus Paper Products Limited with the Company and demerger of 'Non Power Infrastructure Undertaking' of the Company into Genus Paper & Boards Limited has been slightly modified by insertion of in Clause 23 and Clause 25 of the Scheme.Source : BSE

    Read all announcements in Genus Power

    first published: Jan 3, 2013 11:38 am

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