Taneja Aerospace & Aviation Ltd has informed that the Board of Directors of the Company at its meeting held on January 23, 2008, inter alia, has considered and approved the sale / transfer of the airfield located at Hosur, hangars, associated buildings and equipments, related licences etc (airport business) of the Company to a wholly owned subsidiary by way of Slump Sale in terms the Companies Act, 1956 and subject to the consent by the requisite majority of the shareholders of the Company and / or any other statutory or regulatory authorities, which by law may be necessary.
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