Record date is 18 September 2018
The Board of Sterlite Investment Managers, the investment manager of India Grid Trust (IndiGrid), has taken on record on 18 September 2018, the proposed amalgamation of Sterlite Power Grid Ventures (SPGVL), the sponsor and project manager of IndiGrid, with Sterlite Power Transmission (SPTL), the holding company of SPGVL. We have been informed by SPGVL that, a scheme of amalgamation has been filed before the National Company Law Tribunal, Mumbai Bench (NCLT) on July 17, 2018, which had been admitted by NCLT on September 12, 2018. Subject to necessary regulatory and corporate approvals as applicable, upon completion of the amalgamation, SPGVL will cease to exist and all its assets and liabilities will be transferred to SPTL.Powered by Capital Market - Live News
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