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The board of BPL Ltd has approved the transfer of the company’s healthcare business to BPL Medical Technologies Private Ltd (BPL Medical) for a consideration of equity shares of BPL Medical worth Rs 21.05 crore.
This is subject to the approval of the members, for which the Board has authorised conducting a postal ballot. The consideration shall be settled by way of allotment of fully paid-up equity shares of that company on a consideration other than cash basis.
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