Polycab India informs about outcome of board meeting

02 May 2020 Evaluate

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Polycab India has informed that the Board of Directors of the Company at its meeting held on 2nd May 2020 has approved the acquisition of 2,60,10,000 (balance 50% equity shares) of face value of Rs 10 each held by Trafigura Pte , Singapore (‘Trafigura’) in Ryker Base. Ryker Base would become a wholly-owned Subsidiary Company after acquisition of the said equity shares from Trafigura. The details as required under Regulation 30 of the SEBI Listing Regulations read with SEBI circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is attached herewith as Annexure A. The Board Meeting commenced at 9.20 am and concluded at 10.28 am.

The above information is a part of company’s filings submitted to BSE.

 

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