SSI Ltd has informed that the Board of Directors of the Company at its meeting held on June 14, 2008 had considered a proposal to merge M/s. Malaxmi Energy Ventures (India) Pvt Ltd (MEV) with PVP Ventures Ltd (PVP) by way of a Scheme of Amalgamation cum Arrangement.
The Board also appointed M/s. Pricewaterhouse Coopers Pvt Ltd, New Delhi as the Valuers for the proposed merger.
PVP is one of the fastest growing Urban Infrastructure organisations in the country with interests in Realty, Infrastructure and Energy. PVP estimates its current land bank in excess of 2000 Acres in strategic locations across South India and is also developing sizable assets in energy and infrastructure sectors.
MEV is an organisation focusing on power generation with a management team of proven track record in conceptualizing and executing large scale power projects. MEV currently has several power projects in pipeline.
The Board also appointed M/s. Pricewaterhouse Coopers Pvt Ltd, New Delhi as the Valuers for the proposed merger.
PVP is one of the fastest growing Urban Infrastructure organisations in the country with interests in Realty, Infrastructure and Energy. PVP estimates its current land bank in excess of 2000 Acres in strategic locations across South India and is also developing sizable assets in energy and infrastructure sectors.
MEV is an organisation focusing on power generation with a management team of proven track record in conceptualizing and executing large scale power projects. MEV currently has several power projects in pipeline.
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