Bosch Chassis Systems India Ltd has informed that the Board of Directors of the Company at its meeting held on June 12, 2008, inter alia, has:
1. Taken the record and approved the proposal received from Robert Bosch GmbH, the parent holding company of the promoters of the Company, on June 02, 2008 to initiate another voluntary delisting of the shares of the Company through the acquisition of such number of additional equity shares of the Company necessary for the Company to become delisted pursuant to the provisions of the Securities and Exchange Board of India (Delisting of Securities) Guidelines, 2003 (Guidelines), provided that the price payable per equity shares does not exceed Rs 600 (Delisting Offer), and subject to applicable law and the approval of the Shareholders of the Company, Pursuant to the Delisting Offer the Shares of the Company shall be delisted from the Bombay Stock Exchange Ltd and National Stock Exchange of India Ltd.
2. Decided that the above matter will be placed before the shareholders for consideration and consent at the Extra ordinary General Meeting which has been convened on July 15, 2008
3. Approved the draft Notice convening the Extra Ordinary General Meeting which has been convened on July 15, 2008.
1. Taken the record and approved the proposal received from Robert Bosch GmbH, the parent holding company of the promoters of the Company, on June 02, 2008 to initiate another voluntary delisting of the shares of the Company through the acquisition of such number of additional equity shares of the Company necessary for the Company to become delisted pursuant to the provisions of the Securities and Exchange Board of India (Delisting of Securities) Guidelines, 2003 (Guidelines), provided that the price payable per equity shares does not exceed Rs 600 (Delisting Offer), and subject to applicable law and the approval of the Shareholders of the Company, Pursuant to the Delisting Offer the Shares of the Company shall be delisted from the Bombay Stock Exchange Ltd and National Stock Exchange of India Ltd.
2. Decided that the above matter will be placed before the shareholders for consideration and consent at the Extra ordinary General Meeting which has been convened on July 15, 2008
3. Approved the draft Notice convening the Extra Ordinary General Meeting which has been convened on July 15, 2008.
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