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Outcome of board meeting of Mega Nirman & Industries

Capital Market 

Held on 15 June 2017

The Board of Directors of Mega Nirman & Industries at its meeting held on 15 June 2017 have transacted the following -

Approved the alteration of Articles of Association, for the purpose of giving power to appoint its Managing Director/Whole-time Director or CEO as Chairman of the Board or the Company, by insertion of a new clause.

Discussed to invest in the equity shares of Saibollywood Filmcity India upto 55% of the total equity share capital of that Company, if after doing the due diligence, the same found to be feasible.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, June 15 2017. 19:07 IST