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VSF Projects gets nod for Scheme of Demerger

06 Dec 2012 Evaluate

VSF Projects has received an approval for Scheme of Demerger to transfer the Power Division of the Company to VSF Energy Projects, a Wholly Owned Subsidiary of the Company, subject to approval of Hon’ble High Court of Andhra Pradesh.

The board at its meeting held on December 06, 2012 has approved for the same.

VSF Energy Projects was incorporated as a special purpose vehicle (SPV) on March 7, 2011 as a subsidiary of VSF Projects in order to develop energy projects.

Peers
Company Name CMP
Larsen & Toubro 3640.00
Kalpataru Projects 1294.00
NCC 123.50
Rail Vikas Nigam 187.65
KEC International 332.50
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