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ABB India informs about NCLT order sanctioning scheme of arrangement

28 Nov 2019 Evaluate

In continuation to earlier disclosures on the Scheme of Arrangement between ABB India and ABB Power Products and Systems India Limited (APPSIL) (a wholly owned Subsidiary of the Company), and their respective shareholders and creditors (Scheme), ABB India has informed that the Bengaluru Bench of the Hon'ble National Company Law Tribunal (NCLT) has vide its order dated November 27, 2019 sanctioned the said Scheme involving the demerger of the power grids business of the Company to APPSIL under the provisions of Sections 230 - 232 and other applicable provisions of the Companies Act, 2013. A copy of the said order is enclosed herewith. The Scheme will be effective upon filing the certified copy of order of NCLT with Registrar of Companies.

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

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