Accel Frontline - Updates
With reference to the earlier announcement dated December 05, 2007 regarding one of the Company’s promoters and major shareholder, M/s. Frontline Technologies Corporation Ltd (FTC) has entered into an agreement with BT Singapore Pte Ltd (BT) for BT to acquire the entire share capital of FTC, Accel Frontline Ltd has now informed BSE that the proposed Acquisition of entire equity capital of FTC by BT under a Scheme of Arrangement (”Scheme”) has been approved and declared effective on March 11, 2008.
Tags: Accel Frontline