Mega Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 05, 2009, has approved the proposal of hiving off of the Radio Cabs Business and Air Transportation Business of the Company subject to approval of the shareholders, lenders and other authorities, if any.
The Board has also approved the carrying of the Postal Ballot Process to seek approval of the Shareholders in terms of section 293(1)(a) of the Companies Act, 1956.
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