Tarrif Cine & Finance has informed that in light of recent legal developments, the board of directors of SPV Global Trading ('the Company'), are evaluating further structuring options which would be more cost efficient and can generate value of the shareholders of the Company. Hence the Board of Directors of the Company have decided to withdraw the Composite Scheme of Arrangement ('Scheme') containing demerger of Metal Undertaking of the Company into RMIL Metal Industries and amalgamation of RMIL Metal Industries into Rashtriya Metal Industries.
The above information is a part of company’s filings submitted to BSE.
