Tata Teleservices (Maharashtra) has informed that the Honble National Company Law Tribunal (NCLT), bench at Mumbai, has, vide its order dated December 4, 2018 (certified copy of the order received on December 18, 2018), sanctioned the Scheme of Arrangement amongst Tata Teleservices (Maharashtra) (Transferor Company) and Bharti Airtel (Transferee Company) and their respective shareholders and creditors under Section 230 to 232 and other applicable provisions of the Companies Act, 2013 (Scheme). The Scheme will be given effect to after and subject to fulfillment of certain conditions including the Transferee Company obtaining the necessary approval of the NCLT, Delhi Bench, to the said Scheme and the approval of the Scheme by the Department of Telecommunication (DoT). This update is provided in accordance with the requirements of Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulation, 2015. The certified copy of the order is enclosed.
The above information is a part of company’s filings submitted to BSE.
