Corporate News 10-Jun-21
Nelco provides update on scheme of arrangement and amalgamation
Scheme becomes effective on 0 June 2021
Nelco has received on 09 June 2021, the requisite approval from Department of Telecommunications (DoT) for transfer of the Internet Service Provider license and VSAT license from the Amalgamating Company i.e. Tatanet Services to the Amalgamated Company i.e. Nelco under the Scheme. Accordingly, the Composite Scheme of Arrangement and Amalgamation amongst Nelco, Tatanet Services and Nelco Network Products and their respective Shareholders and Creditors has become effective on 9 June 2021.
Previous News
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