Axiata strives to raise our shareholder value by striking a balance between
short-term profitability and long-term growth.
Type | Announcement |
Subject | OTHERS |
Description | MEMBERS VOLUNTARY WINDING UP OF AXIATA INVESTMENTS 2 (INDIA) LIMITED |
We refer to the announcement dated 17 November 2022 in relation to the commencement of the Members’ voluntary winding up of Axiata Investments 2 (India) Limited (“AI2”), a wholly-owned subsidiary of Axiata Group Berhad ("Axiata") held through Axiata Investments 1 (India) Limited. Axiata wishes to announce that pursuant to an application for the Members’ voluntary winding up by AI2 registered with the Director of Insolvency (“DOI”), Mauritius on 17 November 2022, AI2 has completed the Members’ voluntary winding up process with effect from 10 November 2023 following the notification issued by DOI. The notification of the completion of the Members’ voluntary winding up of AI2 was received by AI2 on 19 February 2024. The Members’ voluntary winding up of AI2 will not have any material effect on the earnings or net assets of the Axiata Group for the financial year ended 31 December 2023. None of the Directors and/or major shareholders of Axiata and/or persons connected to them have any direct or indirect interest in the Members’ voluntary winding up of of AI2. The cost of investment of AI2 is RM659.4 million
This announcement is dated 21 February 2024. |
Company Name | AXIATA GROUP BERHAD |
Stock Name | AXIATA |
Date Announced | 21 Feb 2024 |
Category | General Announcement for PLC |
Reference Number | GA1-20022024-00082 |