Era Financial Services India Ltd has informed that a meeting of the Board of Directors of the Company will be held on December 12, 2009, to consider, the following proposals:
1. De merger of Multiplex / Cineplex Business of Company to Silverline Cinemas Pvt. Ltd., a wholly owned subsidiary of the Company, through hiving off a segment as a going concern.
2. Merger of ARK Vidhyut Urja Lid., ARK Transmission & Distribution Ltd., Era Power Ltd. with the company.
3. To start new line of activity, i.e. power sector related activities.
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