Tata Comm extends deadline for demerger of surplus land

Tata Communications (Tata Comm) has extended the period for scheme of arrangement for de-merger of surplus land from Tata Comm to Hemisphere Properties India Ltd. (HPIL) from March 31, 2019 by one more year.

“… we nearby inform you that under the authority granted to the Boards of the Company and HPIL vide Clause 7.14 of the Scheme, the Boards of the Company and HPIL have approved extending the date from March 31, 2019 to March 31 , 2020 within which this scheme is required to be made effective “ said the telecom company in a regulatory filing .