Following the payment failure on 16 November 2009 and the earlier event of dissolution notified investors last August, the Delegate on the Sukuk has approached investors again asking them whether they wish to vote to dissolve the Trust and thereby collapse the Sukuk triggering Saad's purchase obligation.
25% of investors have to vote for this to be effective.
So far 7.4% have.
Notice posted on BSE here.
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