Shilpi Cable Technologies gets nod for amalgamation

Shilpi Cable Technologies has received an approval for the proposed scheme of amalgamation of Shilpi Cabletronics with Shilpi Cable Technologies and other connected matters. The board at its meeting held on November 19, 2011 has given in-principle approval for the same.

Since the transferor company is a wholly owned subsidiary of the transferee company - Shilpi Cable Technologies, no new share will be issued pursuant to the scheme of amalgamation.

Further, the decision of the board is subject to further approval of the concerned High Court(s) and other competent authorities, if any.

Shilpi Cable Technologies specializes in providing tailor-made and extensive solutions with a core focus on Turnkey Services and Project Management in the field of telecommunications. With its efficient workforce and management expertise the company has the ability and strength to plan and execute projects of varying sizes.