Hinduja TMT Updates on demerger

Hinduja TMT Ltd has announced that the Scheme of Arrangement and Reconstruction ("Scheme") for demerger of Information Technology / Information Technology Enabled Services (IT / ITES) Undertaking of the Company into HTM Technologies Ltd and reduction of share capital of the Company, has been filed with the Registrar of Companies, Maharashtra on March 07, 2007. Accordingly March 07, 2007 is effective date of the Scheme.

Source : Equity Bulls

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