Announcement under Regulation 30 (LODR)-Scheme of Arrangement
July 4, 2019, 3:41 pm | Source: BSE
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Composite Scheme of Arrangement among Bharat Financial Inclusion Limited (BFIL) IndusInd Bank Limited (Bank) IndusInd Financial Inclusion Limited (IFIL) and their respective shareholders and creditors pursuant to Sections 230 to 232 and other applicable provisions of the Companies Act 2013.
Effectiveness of the Scheme.
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.
1. This is in furtherance of our letter dated June 19 2019 and June 20 2019 wherein we had intimated that pursuant to the meeting of the Board on June 19 2019:
(i) the Board inter alia considered and noted the order dated June 10 2019 passed by the National Company Law Tribunal Mumbai sanctioning the Scheme (NCLT Order) and fixed Thursday July 4 2019 as the Effective Date of the Scheme on which date the Bank BFIL and IFIL proposed to file the NCLT Order with the jurisdictional Registrar of Companies;