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Aug 17, 2010 18:51 hours
| Company |
Celebrity Fashions Limited |
| NSE Symbol |
CELEBRITY |
Announcement |
Celebrity Fashions Limited has informed the Exchange that the Honorable High Court of Madras, in its final hearing on August 17, 2010, has sanctioned the Scheme of Arrangement between Celebrity Fashions Limited and Indian Terrain Fashions Limited and its respective Shareholders and Creditors for the demerger of Indian Terrain Division into a separate entity, Indian Terrain Fashions Limited. The Court has sanctioned the Scheme in toto except Part III of the Scheme which relates to the Slump Sale of the Bottoms Division to Celebrity Clothing Limited. The Orders are reserved by the Honorable Judge for his chambers' dictation and is expected to be promulgated in about 1-2 weeks time. |
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