Consolidated Construction Consortium at its meeting held on March 30, 2015, has transacted the Pursuant to the approval sought for disposing of undertaking including its subsidiaries from the shareholders of the company through postal ballot and as per the terms under the CDR, the Board has initiated to hive off one its subsidiary Company.
Consolidated Construction Consortium Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 30, 2015, has transacted the following:1. Pursuant to the approval sought for disposing of undertaking including its subsidiaries from the shareholders of the company through postal ballot and as per the terms under the CDR, the Board has initiated to hive off one its subsidiary Company.The Board has approved the draft term sheet which is under finalization.2. The Board is considering few nominations for the appointment of Woman Director. The appointment is in the process.Source : BSE
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