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Bhagyanagar India Lt - Outcome of Board Meeting

By Religare

Bhagyanagar India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 12, 2015, inter alia, has finalised and approved the proposal for demerger of Solar Business to Surana Telecom and Power Limited and Real Estate Business to Bhagyanagar Properties Private Limited in terms of the Scheme of Arrangement pursuant to the provisions of the Companies Act, 1956 / 2013 ('the Scheme').

Story first published: Monday, October 12, 2015, 23:00 [IST]
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