Corporate News     28-Dec-17
Outcome of board meeting of Jindal Worldwide
Held on 28 December 2017
The Board of Jindal Worldwide at its meeting held on 28 December 2017 has approved the Allotment Of New Shares pursuant to the Sub-Division of Face Value of Equity Shares from F.V. @ Rs. 10/-each to F.V. @ Rs. 5/- each as per the Beneficiary Position/Register of Members as on the Record Date 27 December, 2017; and further approved and authorized the Directors for issuing and signing the new share certificates, respectively.

The Board has considered and taken on record the disposal of entire investment of the Company held in its Associate Company 'M/s Jindal Synthetics' by way of sale of its equity shares; consequently 'M/s Jindal Synthetics' is no longer an Associate Company of 'Jindal Worldwide Limited' w.e.f 23 December, 2017.

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