Friday, June 6, 2008

Fortis Financial - Surrender Of NBFC License - June 6, 2008

Fortis Financial Services Ltd has informed that pursuant to the approval of Board of Directors of the Company at its meeting held on January 05, 2008 for making an application to Reserve Bank of India (RBI) for surrender of its NBFC registration, RBI vide its order dated June 02, 2008 has cancelled by surrender the said NBFC registration.

Now the Company has initiated the process of change of name to Religare Technova Ltd and alters the main objects so as to carry on IT and IT related activities only by deleting the objects of a NBFC from the Memorandum of Association of the Company.

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