Shyam Telecom Board to consider Scheme of Arrangement
Shyam Telecom Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 15, 2005, inter alia, to consider the Scheme of Arrangement u/s 391 & 394, for the overall improvement and Restructuring of the Company. Shyam Telecom - Outcome of Board Meeting
Shyam Telecom Ltd has informed BSE that the Board of Directors at their meeting held on February 26, 2005, has decided to meet again after receiving certain clarifications on the scheme which are still pending. Shyam Telecom Board meeting to consider final Scheme of Arrangement, rescheduled
Shyam Telecom Ltd has informed BSE that the Board of Director of the Company at their meeting held on February 22, 2005, decided to meet again on February 26, 2005 for considering final Scheme of Arrangement as certain new clarification have been sought by the Board members which are required to be evaluated and legal opinions are required to be obtained on the same. The final Scheme now would be considered in the Board Meeting scheduled to be held on February 26, 2005. Shyam Telecom Board Meeting to consider final scheme of amalgamation, rescheduled
Shyam Telecom Ltd has informed BSE that the meeting of the Board of Directors of the Company which was scheduled to be held on February 12, 2005 to consider the Final Scheme of Amalgamation has been deferred and rescheduled to be held on February 22, 2005. Shyam Telecom - Outcome of Board Meeting
Shyam Telecom Ltd has informed BSE that the Board of Directors of the Company at their meeting held on January 29, 2005, has given the approval for the following subject to the approval of the institutions/lenders of the Companies and of High Court of Jurisdiction involved in the restructuring exercise:1. Amalgamation of Shyam Telecom Manufacturing Ltd (wholly owned subsidiary of the Company doing the Manufacturing business and unlisted) into the Company.... Shyam Telecom Board to consider proposal of restructuring
Shyam Telecom Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 29, 2005, inter alia, to consider the proposal of restructuring u/s 391 & 394 for the overall improvement in the working of the Company. Shyam Telecom - Update
Shyam Telecom Ltd has informed BSE that the company has accepted the offer for sale of its shareholding i.e 10% of Hexacom India Ltd for Rs 637 million in the form of Rs 550 million in cash and Optionally Convertible Redeemable Debentures (OCRDs) worth Rs 87 million to M/s Bharti Televentures Ltd.It may also be noted that the company's wholly owned subsidiary i.e Shyam Telelink Ltd has also accepted the offer for its 27.50% holding in Hexacom... BTVL to acquire 10% Equity Stake in Hexacom India from Shyam Telecom
Shyam Telecom Ltd has informed BSE that the Company has accepted the offer of Bharti Tele Ventures Ltd (BTVL) for the acquisition of its 10% Equity Stake in Hexacom India Ltd represented by 1,79,19,980 Equity Shares of Rs 10 each for a consideration of Rs 637 million by issuance of Optionally Convertible Redeemable Debentures of BTVL worth Rs 87 million and cash payment of Rs 550 million. Shyam Telecom - Transfer of Equity stake to its WOS
Shyam Telecom Ltd has informed BSE that The Company holds 37.5% Equity Shares of Hexacom India Ltd an unlisted Company engaged in providing Cellular Services in the State of Rajasthan.With a view to realigning/ restructuring its investments in the Cellular Business, the Company has transferred 27.5% equity stake represented by 4, 92, 80, 000 equity shares to its wholly owned subsidiary (WOS) namely Shyam Telelink Ltd. Shyam Telecom - Acquisition of shares in Hexacom India Ltd
Shyam Telecom Ltd has informed BSE that the company has acquired 27.5% of the equity stake of Telesystem (Mauritius) Pvt Ltd in Hexacom India Ltd for US$ 22.5 million.Consequent upon this acquisition the company's aggregate shareholding in Hexacom India Ltd shall be 37.5%.