Allcargo: Outcome of board meeting
We have to inform you that the Directors at their Board Meeting held today i.e. March 29, 2017.
March 29, 2017 / 11:12 PM IST
With reference to our letter dated February 13, 2017 and in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we have to inform you that the Directors at their Board Meeting held today i.e. March 29, 2017 have inter alia approved the following subject to statutory and regulatory approvals, if any: Purchase of 49% stake held by Hind Terminals Private Limited in the subsidiary of the Company viz. South Asia Terminals Private Limited. Disposing of 100% stake held by the Company in Asia Line Limited to Ecuhold N.V. (Dubai). Purchase of 100% stake from Ecuhold N.V. held in Ecu International (Asia) Private Limited. In this regard, we are attaching herewith the disclosures as required under Regulation 30 of the Listing Regulations, read with SEBI circular No.CIR/CFD/CMD/4/2015 dated September 09, 2015. The meeting commenced at 4.00 p.m. and concluded at 9.00 p.m.Source : BSE
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