Outcome of board meeting of Avantel

Capital Market 

Held on 06 April 2017

announced that the Board of Directors of the Company at its meeting held on 06 April 2017 has transacted the following -

1.Resolved to sell/ dispose off the immovable property in the name of the company located at Plot No.16, Sector-III, Huda Techno Enclave, Madhapur, Hyderabad to M/s. Tetra Soft (India) Private Limited together with all the tangible assets for a consideration of Rs. 18 Crores, subject to approval of the shareholders.

2.Approved the Postal Ballot and E-voting Notice for obtaining the approval of the Shareholders of the Company to the sell/ dispose off the immovable property in the name of the company located at Plot No.16, Sector-III, Huda Techno Enclave, Madhapur, Hyderabad to M/s. Tetra Soft (India) .

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Outcome of board meeting of Avantel

Held on 06 April 2017

Held on 06 April 2017

announced that the Board of Directors of the Company at its meeting held on 06 April 2017 has transacted the following -

1.Resolved to sell/ dispose off the immovable property in the name of the company located at Plot No.16, Sector-III, Huda Techno Enclave, Madhapur, Hyderabad to M/s. Tetra Soft (India) Private Limited together with all the tangible assets for a consideration of Rs. 18 Crores, subject to approval of the shareholders.

2.Approved the Postal Ballot and E-voting Notice for obtaining the approval of the Shareholders of the Company to the sell/ dispose off the immovable property in the name of the company located at Plot No.16, Sector-III, Huda Techno Enclave, Madhapur, Hyderabad to M/s. Tetra Soft (India) .

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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