In furtherance to our letter dated October 12, 2017 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors in its meeting held on December 19, 2017, has approved the following:
Composite scheme of arrangement between Tata Teleservices Limited (Transferor Company), Bharti Airtel Limited (Transferee Company 1) and Bharti Hexacom Limited (Transferee Company 2) and their respective shareholders and creditors, under sections 230 to 232 of the Companies Act, 2013 ('Scheme 1');
B. Scheme of arrangement between Tata Teleservices (Maharashtra) Limited (Transferor Company) and Bharti Airtel Limited (Transferee Company) and their respective shareholders and creditors, under sections 230 to 232 of the Companies Act, 2013 ('Scheme 2').
Kindly take the same on record.
Dear Sir/ Madam,
Further to our intimation dated August 03, 2018, we enclose herewith the 'Scrutinizer's Report' on Tribunal convened meetings of Equity Shareholders and Unsecured Creditors of Bharti Airtel Limited convened and held on Friday, August 03, 2018 for approval of scheme of arrangement between Tata Teleservices (Maharashtra) Limited and Bharti Airtel Limited and their respective shareholders and creditors under sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
We request you to take the same on record.
(As Per BSE Announcement Dated on 14.08.2018)
Further to our intimation dated August 29, 2018, we enclose herewith the 'Scrutinizer's Report' on Tribunal convened meetings of Equity Shareholders and Unsecured Creditors of Bharti Airtel Limited convened and held on Tuesday, August 28, 2018 for approval of composite scheme of arrangement between Tata Teleservices Limited, Bharti Airtel Limited and Bharti Hexacom Limited and their respective shareholders and creditors under sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
We request you to take the same on record.
(As Per BSE Announcement Dated on 30.08.2018)
Pursuant to Regulation 30(7) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform you that Hon'ble National Company Law Tribunal, New Delhi, Principal Bench, vide its Order dated January 21, 2019 uploaded yesterday ('Order'), has sanctioned the Scheme of Arrangement between Tata Teleservices (Maharashtra) Limited and Bharti Airtel Limited and their respective shareholders and creditors under Sections 230 to 232 of the Companies Act, 2013.
The following may be noted from the Order:
'13. In view of the foregoing, upon considering the approval accorded by the members and creditors of the Petitioner Company to the proposed Scheme, and the affidavits filed by the Regional Director, Northern Region, Ministry of Corporate Affairs, Income Tax Department and the Department of Telecommunication, there appears to be no impediment in sanctioning the present Scheme. Consequently, sanction is hereby granted to the Scheme under Section 230 & 232 of the Companies Act, 2013. The Petitioners shall however remain bound by the undertakings filed and also to comply with the statutory requirements in accordance with law.'
A certified copy of the Order will be filed with the Exchange separately.
Kindly take the same on record.
(As Per BSE Announcement Dated On 24/01/2019)
Further to our intimation dated January 24, 2019, please find enclosed the certified copy of the Order received by the Company today.
Kindly take the same on record.
(As Per BSE Announcement Dated on 04.02.2019)
Further to our intimation dated February 04, 2019 and pursuant to Regulation 30(7) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we have been informed by Tata Teleservices (Maharashtra) Limited that Hon'ble National Company Law Tribunal, Mumbai Bench, vide its Order dated June 12, 2019 received on June 20, 2019, has approved fixing of the Appointed Date of the Scheme as July 1, 2019.
Kindly take the same on record.
(As Per BSE Announcement Dated on 21.06.2019)
In furtherance to our previous intimations dated July 01, 2019, we wish to inform you that the Department of Telecommunications vide its letters dated February 06, 2020 has conveyed to the company that the schemes of arrangement w.r.t. demerger of consumer mobile business of Tata Teleservices (Maharashtra) Limited and Tata Teleservices Limited have been taken on record.
Kindly take the same on record.
(As Per BSE Announcement dated on 06/02/2020) | Powered by Capital Market - Live News |
|