Natraj Financial & Services Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 23, 2011, inter alia, has decided the following:
1. To dispose off its 100% stake of 5,00,000 equity shares in "Balaji Corporation Private Ltd" (hereinafter referred to as Subsidiary of the Company) henceforth Mr. Kumar Pal Punamiya (hereinafter referred to as authorized Representative of Seller') and Mr. Pankaj Goshar Indian Inhabitant, having office at 1601, Mount Pleasant, 586/A, Lady Jehangir Road, Five Gardens, Matunga, Mumbai - 400 019, (hereinafter referred to as the 'Purchaser') hereto have set and subscribed their names and signatures to Share Purchase Agreement 'SPA' pursuant to section 293 (1) (a) of the Companies Act, 1956, on such terms and condition as hereinafter set out in the agreement.
Sensex
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Monday, May 23, 2011
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