News Details
Headline : Tata Chemicals - Outcome Of The NCLT Convened Meeting Of Tata Chemicals Limited Held On Wednesday, October 30, 2019
Date: 30/10/2019 21:25
As per an Order dated September 11, 2019 passed by the Hon'ble National Company Law Tribunal, Mumbai Bench, a Meeting of the equity shareholders of the Company was convened today i.e. on October 30, 2019 at 3.00 p.m. at Walchand Hirachand Hall, 4th Floor, Indian Merchants' Chamber Building, IMC Marg, Churchgate, Mumbai 400 020 ('Meeting'), to consider, and if thought fit, to approve, with or without modification(s), the proposed Scheme of Arrangement between Tata Chemicals Limited (Demerged Company) and Tata Global Beverages Limited (Resulting Company) and their respective shareholders and creditors for the demerger of the Consumer Products Business of the Demerged Company to the Resulting Company ('Scheme').

The proposed resolution for approving the Scheme was passed with requisite majority by the Equity Shareholders of the Demerged Company. Please note that the Scheme shall now be subject to further approval of regulatory and other authorities including approval of NCLT.
Designed, developed and content provided by  Dion Global Solutions