This is in continuation of our earlier intimation, informing you that the Scheme was made effective
from 1 October 2017, except demerger of the Generation Undertaking of CESC Limited {CESC) into
Haldia Energy Lirnited, a wholly-owned CESC subsidiary (‘Demerger’).
The Board of Directors, at its meeting held today, inter alia, discussed the present status of the Demerger and decided that it would be prudent and in the best interest of the Company, its shareholders and other stakeholders to no longer pursue the said Demerger.
The Company will make necessary application to the Kolkata bench of the National Company Law Tribunal in this regard.
The Board of Directors, at its meeting held today, inter alia, discussed the present status of the Demerger and decided that it would be prudent and in the best interest of the Company, its shareholders and other stakeholders to no longer pursue the said Demerger.
The Company will make necessary application to the Kolkata bench of the National Company Law Tribunal in this regard.