BSES calls for EGM on 15 Feb for future diversification plans

Mumbai: BSES, which is now part of the Reliance group, has called for an extraordinary general meeting (EGM) on 15 February 2003. BSES will be seeking shareholders’ approval to enable the company undertake diversification in the future.

In its letter to the shareholders, BSES has listed a number of areas that the company could enter in the future. These include telecom services, both cellular as well as fixed-line, manufacture of telecom equipment, setting up of infrastructure facilities, including port terminals, pipeline for carrying petroleum products and natural gas.

The company’s interests also include agriculture, health service, mining, film and entertainment, trading and real estate. “These are only enabling resolutions. The company has no immediate plans for any investment in these areas,” says a company official.