Corporate announcements
Every filing companies make on NSE, newest first. Category is assigned from NSE's own label; the PDF link opens the original on NSE.
- 14 Oct 2005 24:00IGSM&A
Igate Global Solutions Limited has informed the Exchange that,the Creditors and Members of the Company at the Court Convened Meetings held on October 14, 2005 have approved the Scheme of Amalgamation between Quintant Services Limited, subsidiary, with the Company.The company has further informed that, the Creditors and Members of Quintant Services Limited, subsidiary of the company, at the Court Convened Meetings held on October 14, 2005 have also approved the Scheme of Amalgamation between Quintant Services Limited, with the Company. The company will proceed further, to file the petition unde
- 14 Oct 2005 24:00THERMAXM&A
Thermax Ltd has informed the Exchange that in connection with the Scheme of Amalgamation of two wholly owned subsidiaries namely, Thermax Babcock & Wilcox Limited and Thermax Capital Limited (Transferor Companies) with Thermax Limited (Transferee Company), the Hon'ble High Court of Judicature at Bombay has dispensed with the requirement of filing Application and Petition by the Transferee Company for sanction of the Scheme of Amalgamation. Whereas a separate Application and Petition have been filed by both the Transferor Companies with the Hon'ble High Court at Bombay on September 06, 2005 and
- 13 Oct 2005 24:00TATACONSUMM&A
Tata Tea Ltd has informed the Exchange that the Company's subsidiary, Tetley US Holdings Limited, USA has on October 12, 2005 signed a definitive agreement to acquire FMALI Herb Inc. and Good Earth Corporation. Good Earth Corporation owns the Good Earth brand which is licensed to FMALI Herb Inc. The acquisition is being financed through borrowings. Further details shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/CorporateAnnouncements).
- 13 Oct 2005 24:00SB&TINTLM&A
Sb&T International Ltd has informed the Exchange that the Board of the Company has entered into an agreement with the promoters of Mimansa Jewellery Private Limited for acquiring 100% of the Company, subject to completion of necessary formalities. Mimansa Jewellers is recognized for its quality in manufacturing of high-end jewellery for the Indian Market. With this SB&T would be in a position to tap into the high end retailing segment, one of the fastest growing and most profitable segments in the Indian retail space.
- 13 Oct 2005 24:00VARDMNPOLYM&A
Uti Bank has informed the Exchange that the Bank acquired 8,39,103 equity shares which constitutes 7.90% of the equity share capital of Vardhman Polytex Limited, through secondary market transactions from September 17, 2005 to September 30, 2005. The details of acquisition of shares is as follows:- (i) On September 17, 2005 - 1,08,326 shares (1.02%); (ii) On September 20, 2005 - 2,50,000 shares (2.35%); (iii) On September 21, 2005 - 84,126 shares (0.79%); (iv) On September 22, 2005 - 67,417 shares (0.63%); (v) On September 26, 2005 - 27,575 shares (0.26%); (vi) On September 27, 2005 - 1,00,000
- 07 Oct 2005 24:00RUCHISOYAM&A
Ruchi Soya Industries Ltd. has informed the Exchange that the Board of Directors of the Company at their meeting held on October 06, 2005, considered and approved the following: 1) Composite Scheme of Arrangement and Amalgamation ("the Scheme") of General Foods Limited ('GFL') and Ruchi Health Foods Limited ('RHFL') and Ruchi Private Limited ('RPL') and Nutrela Marketing Private Limited ('NMPL') and Soya Processing, Vegetable Oils & Fats and Food businesses (other than dairy business) of Madhya Pradesh Glychem Industries Limited ('MPGIL') with Ruchi Soya Industries Limited ('RSIL' or 'the Comp
- 07 Oct 2005 24:00RUCHISOYAM&A
(d) The share exchange ratio for the amalgamation is 53 (Fifty Three) equity shares of Rs.10 each of the Company for 2 (Two) equity shares of Rs.100 each of RPL held by the shareholders of RPL. (e) The share exchange ratio for the amalgamation is 4 (Four) equity shares of Rs.10 each of the Company for 29 (Twenty Nine) equity shares of Rs.10 each of RCCL held by the shareholders of RCCL. (2) Slump Sale of Soya Processing, Vegetable Oils & Fats and Food Businesses (other than dairy business) of MPGIL to the Company: Soya Processing, Vegetable Oils & Fats and Food Businesses (Other than dairy bu
- 07 Oct 2005 24:00SBINM&A
State Bank Of India has informed the Exchange regarding the bank having entered into 'Share Purchase Agreement' and 'Shareholders Agreement' with the 'Principal Shareholders' of Giro Commercial Bank Ltd.Kenya. In terms of these agreements SBI will acquire 76% equity stake in the above referred bank along with Management Control, subject to related approvals.
- 06 Oct 2005 24:00AARTIINDM&A
Aarti Industries Ltd. has informed the Exchange that the BODs of the Company at their meeting held on October 05, 2005, have decided not to proceed further with the Scheme of Amalgamation of Aarti Healthcare Ltd. and Avinash Drugs Ltd. with the Company and withdraw the same. Accordingly, the said scheme of amalgamation stands withdrawn.
- 06 Oct 2005 24:00REMSONSINDM&A
Remsons Industries Ltd has informed the Exchange that the Board of Directors of the Company, in its meeting held on October 05, 2005 received and approved the Valuation Report submitted by M/s Kanu Doshi Associates, Chartered Accountants, Mumbai. The Board has also, subject to the approval of the shareholders, Creditors, Stock Exchanges and High Court and subject to such other Compliances, Permissions and Approvals as may be necessary, approved the Scheme of Amalgamation of Daman Auto Industries Limited, Rems Auto Engineers Limited and Remsons Auto Industries Private limited, with the Company
- 06 Oct 2005 24:00UPERGANGESM&A
Upper Ganges Sugar & Industries Ltd has informed the Exchange that the scheme of arrangement between New India Sugar Mills Ltd. and the company and their respective shareholders for demerger of New India Sugar Mills Ltd. by transfer of its sugar division to the company has been modified and the said modification has been approved unanimously by the shareholders of the company at the court-convened general meeting held on October 01,2005. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server/Co
- 04 Oct 2005 24:00EIDPARRYM&A
Eid Parry India Ltd. has informed the Exchange that the High court of Judicature at Madras vide its order dated September 28, 2005 had sanctioned the scheme of Amalgamation of Santhanalakshmi Investments Private Ltd. a wholly owned Subsidiary of the Company with the Company w.e.f. May 01, 2005.
- 04 Oct 2005 24:00KOTAKBANKM&A
Kotak Mahindra Bank Limited had informed the Exchange regarding a press release dated June 01, 2005 titled 'Kotak Mahindra Group and Ford Credit International Realign Joint Ventures". The Bank has now further informed that on receipt of necessary regulatory approvals, the Kotak Group has on October 4, 2005 acquired the 40% stake in Kotak Mahindra Primus Limited (KMP) held by Ford Credit International (FCI) thereby giving the Kotak Mahindra Bank Limited and its subsidiary, complete ownership of KMP. Simultaneously, the Kotak Group has also sold its stake in Ford Credit Kotak Mahindra Limited (F
- 04 Oct 2005 24:00VIDEOINDM&A
Videocon Industries Limited has informed the Exchange that Videocon Group has successfully concluded the acquisition of the entire business interests of Thomson S.A. for manufacture of Colour Picture Tubes, which includes manufacturing facilities in China, Poland, Mexico and also the Research & Development set-up Italy through an offshore entity of the Group.
- 04 Oct 2005 24:00VDOCONINTLM&A
Videocon International Ltd. has informed the Exchange that Videocon Group has successfully concluded the acquisition of the entire business interests of Thomson S.A. for manufacture of Colour Picture Tubes, which includes manufacturing facilities in China, Poland, Mexico and also the Research & Development set-up in Italy through an offshore entity of the Group.
- 04 Oct 2005 24:00VALUEINDM&A
Videocon Appliances Ltd. has informed the Exchange that Videocon Group has successfully concluded the acquisition of the entire business interests of Thomson S.A. for manufacture of Colour Picture Tubes, which includes manufacturing facilities in China, Poland, Mexico and also the Research & Development set up in Italy through an offshore entity of the group.
- 03 Oct 2005 24:00VXLM&A
Birla Vxl Limited has informed the Exchange that the adjourned meeting of the Unsecured Creditors was held on September 20, 2005. In terms of the Order of the Hon'ble High Court of Gujarat, the report of the Chairman has been filed relating to the said meeting with the Hon'ble High Court of Gujarat at Ahmedabad on September 26, 2005. As per the report, the Unsecured Creditors of the Company have approved the Scheme unanimously. The Company has further informed that a Petition under Section 391 to 394 of the Companies Act, 1956 for sanctioning the arrangement embodied in the Scheme of Arrangem
- 03 Oct 2005 24:00VDOCONINTLM&A
Videocon International Ltd. has informed the Exchange that the shareholders and creditors of the Company have approved the scheme of amalgamation of the Company with Videocon Industries Limited. Further, the Hon'ble High Court of Judicature at Mumbai has fixed November 18, 2005 as date for hearing of petition for sanction of scheme of amalgamation.
- 03 Oct 2005 24:00VIDEOINDM&A
Videocon Industries Limited has informed the Exchange that the shareholders and creditors of the Company have approved the scheme of amalgamation of Videocon International Limited with the Company. Further, the Hon'ble High Court of Judicature at Mumbai has fixed November 18, 2005 as date for hearing of petition for sanction of scheme of amalgamation.
- 03 Oct 2005 24:00MARKSANSM&A
Tasc Pharmaceuticals Limited has informed the Exchange that M/s Marksans Pharma Limited has got amalgamated with the company and the scheme of amalgamation is approved by Hon. High Court on August 19, 2005. In pursuance to amalgamation, Company shall be issuing shares to the shareholders of M/s. Marksans Pharma Limited in the following ratio: (1) To Equity Shareholders: 9 shares of M/s. Tasc Pharmaceuticals Limited for every 5 Shares of M/s. Marksans Pharma Limited. (2) To Preference Shareholders: 1 Preference share of M/s. Tasc Pharmaceuticals Limited for every 1 Shares of M/s. Marksans Pharm
- 03 Oct 2005 24:00MPHASISM&A
Mphasis Bfl Limited has informed the Exchange that the Karnataka High Court had directed the Company to convene separate meetings of the equity shareholders and creditors on September 29, 2005 for approving the Scheme of Amalgamation and Arrangement between Mphasis BFL Limited and Kshema Technologies Limited and their respective shareholders ("the Scheme"). The Company has now informed that the Company has duly conducted the aforesaid meetings as directed by the High Court and has informed the results of the meetings, which are as follows: (1) The meeting of the equity shareholders approved th
- 03 Oct 2005 24:00JSWSTEELM&A
Jsw Steel Limited has informed the Exchange that the Hon'able high Court of Judicature at Mumbai has sanctioned the scheme of Amalgamation of Euro Ikon Iron & Steel Private Limited, Euro Coke & Energy Private Limited and JSW Power Limited with JSW Steel Limited. The order sanctioning the scheme was pronounced in the Court on September 30, 2005.Company has further informed that, the written order sanctioning the scheme is expected to be received shortly. Once the order of the High Court is filed with the Registrar of Companies. Maharashtra, the scheme will become effective.
- 03 Oct 2005 24:00GILLETTEM&A
Gillette India Limited has informed the Exchange that the merger of The Gillette Company (TGC), which holds 41.02% shares in the company, with a wholly owned subsidiary of The Procter and Gamble Company (P&G) in the USA i.e. Aquarium Acquisition Corporation (Merger Sub). As per the terms of merger, separate corporate existence of Aquarium Acquisition Corporation ceases to exist and The Gillette Company, USA continues to survive. Also, by virtue of the merger each share of The Gillette Company, USA shall be converted into the right to receive 0.975 shares of The Procter & Gamble, USA. Thus, up
- 03 Oct 2005 24:00ASTRAMICROM&A
Astra Microwave Products Limited has informed the Exchange that one of the Company's shareholder (i.e. M/s Strategic Ventures Fund (Mauritius) Ltd) who is holding 19.75% in the total shareholding of the Company, has sold 20,000 shares of Astra Microwave Products Limited on September 30, 2005. After the above transaction the shareholding of M/s Strategic Ventures Fund (Mauritius) Ltd has come down to 19.37% from 19.75%.
- 30 Sept 2005 24:00GEORGWILIMM&A
Williamson Tea Assam Limited has informed the Exchange that the Hon'ble High Courts at Kolkata and Guwahati have approved the Scheme of Amalgamation of Nilpur Tea Company Private Limited with Williamson Tea Assam Limited w.e.f. April 01, 2005. Necessary steps are now being taken to obtain the Certified Copy of those Orders and the Scheme will take effect upon filing of the said Orders with the Registrar of Companies, Kolkata and Shillong. The Company shall intimate the Exchange as soon as the aforesaid Orders are filed with the Registrar of Companies.
- 29 Sept 2005 24:00CENTBOPM&A
Centurion Bank Limited has informed the Exchange that October 14, 2005 has been fixed as Record Date for the shareholders of Bank of Punjab Limited for the purpose of determining the eligible shareholders of Bank of Punjab Limited to whom equity share of Centurian Bank Limited will be allotted as per the Scheme of amalgamation between Bank of Punjab Limited and Centurian Bank Limited ("Scheme"). The Bank has further informed that in terms of the Scheme, Centurian Bank Limited will issue 23,62,50,000 Equity shares of Re.1/- each to the shareholders of Bank of Punjab Limited in the ratio of 9 (N
- 29 Sept 2005 24:00ASTRAMICROM&A
Astra Microwave Products Limited has informed the Exchange that one of the Company's shareholder (i.e. M/s Strategic Ventures Fund (Mauritius) Ltd) who is holding 20.25% in the total shareholding of the Company, has sold 26,303 shares of Astra Microwave Products Limited on September 28, 2005. After the above transaction the shareholding of M/s Strategic Ventures Fund (Mauritius) Ltd has come down to 19.75% from 20.25%.
- 29 Sept 2005 24:00SBINM&A
State Bank Of India has informed the Exchange that a further 1.25% stake in Credit Information Bureau(INDIA)Ltd.(CIBIL) has been divested in favour of GE Strategic Investments India. The bank has further informed that with this, SBI's stake in CIBIL has declined to 10%.
- 28 Sept 2005 24:00SUMMITM&A
Kec International Ltd. has informed the Exchange that the hon'ble High Court, Bombay has by an order sanctioned the Company's Petition for the Scheme of Arrangement between KEC International Ltd., Bespoke Finvest Ltd., KEC Infrastructures Ltd., KEC Holdings Ltd. and their respective shareholders and creditors on September 27, 2005 further directing the Company not to initiate the implementation of the order for a period of two weeks. Detailed written order of the Hon'ble High Court is awaited.
- 28 Sept 2005 24:00UPERGANGESM&A
Upper Ganges Sugar & Industries Ltd has informed the Exchange that the Hon'ble High Court at Calcutta vide its Order dated July 06, 2005 has approved the Scheme of Arrangement for amalgamation of Saran Trading Company Ltd., a wholly owned subsidiary of the Company, with New India Sugar Mills Ltd. w.e.f. April 01, 2004. As such, Saran Trading Company Ltd. has ceased to be the subsidiary of the Company.
- 26 Sept 2005 24:00CENTBOPM&A
Centurion Bank Limited had informed the Exchange that the shareholders of the Bank, at their EGM held on August 03, 2005, approved the scheme of amalgamation between Bank of Punjab Limited and Centurion Bank Limited. Centurion Bank Limited has now informed that the Scheme has been approved by the Reserve Bank of India in terms of Section 44A of the Banking Regulation Act, 1949 on September 24, 2005. The Scheme shall be effective from October 01, 2005. In terms of the Scheme, Centurion Bank Limited will issue 23,62,50,000 Equity Shares of Re. 1/- each to the shareholders of Bank of Punjab Limi
- 26 Sept 2005 24:00BANKPUNJABM&A
Bank Of Punjab Ltd has informed the Exchange that the Scheme of Amalgamation of Bank of Punjab Limited with Centurion Bank Limited has been approved by the Reserve Bank of India in terms of Section 44A of the Banking Regulation Act, 1949 on September 24, 2005. The Scheme shall be effective from October 01, 2005. In terms of the Scheme, Centurion Bank Limited will issue 23,62,50,000 Equity Shares of Re.1/- each of Centurion Bank Limited to the shareholders of Bank of Punjab Ltd. in the ratio of 9 (nine) Equity Shares of Centurion Bank Limited of Re.1/- each for every 4 (Four) Equity Shares of R
- 26 Sept 2005 24:00EPLM&A
Essel Propack Ltd. has informed the Exchange that the Company has received approval for the merger of the following three overseas indirect subsidiaries in China: (1) Guangzhou Propack Co. Ltd. (GPC). (2) Essel Propack Plastic Products Co. Ltd. (EPPPL). (3) Essel Packaging Guangzhou Ltd. (EPGL). The Company has further informed that these three companies are the wholly owned subsidiaries of Lamitube Technologies Limited the Company's wholly owned subsidiary at Mauritius. As per the approval received GPC and EPPPL shall merge into EPGL, which will be the surviving entity after the merger.
- 23 Sept 2005 24:00CEATM&A
Ceat Ltd has informed the Exchange that at the board meeting held on September 23,2005,the company has decided to make a rights issue of equity shares of Rs.10/- each at a premium of Rs.40/- per share aggregating to Rs.52.7 crore. The shares will be offered to the members of the company in the ratio of 3:10 i.e.3 new equity shares shall be offered to the shareholders for every 10 shares held by them on the record date to be fixed later. At the said meeting, the board considered the proposal of its subsidiaries viz. CEAT Holdings Limited, CEAT Ventures Limited and Meteoric Industrial Finance Co
- 23 Sept 2005 24:00GEOJITFSLM&A
Geojit Financial Services Limited has informed the Exchange regarding disclosure received from the following regarding sale of shares of Geojit Financial Services Ltd: 1) Mrs.Shiny George (wife of Managing Director Mr.C.J.George) has sold 10,000 shares on September 19, 2005.
- 22 Sept 2005 24:00SBINM&A
State Bank Of India has informed the Exchange that a further 2.50% stake has been divested in favour of Standard Chartered Bank (SCB) by the Bank. The Company has further informed that with this, SBI's stake in CIBIL has declined to 11.25%.
- 22 Sept 2005 24:00RADICOM&A
Radico Khaitan Limited has informed the Exchange that Hon'ble High Courts of Allahabad, Delhi and Andhra Pradesh have approved the Scheme of Amalgamation of Whytehall India Ltd. (WIL) and Anabeshahi Wines and Distilleries Pvt. Ltd. (AES) with Radico Khaitan Ltd. (RKL) vide their Orders dated August 23, 2005, March 10, 2005 and March 17, 2005 respectively. The orders received from all the three High Courts, have since been filed with the Registrar of Companies, Uttar Pradesh and Uttaranchal at Kanpur on September 14, 2005 in case of RKL, Registrar of Companies, Delhi on September 09, 2005 in ca
- 22 Sept 2005 24:00BHARATFORGM&A
Bharat Forge Co. Ltd has informed the Exchange that the company on September 21, 2005 has acquired Imatra Kilsta AB, Sweden along with its wholly owned subsidiary, Scottish Stampings Limited, Scotland (together called Imatra Forging Group). In an all- cash deal, Bharat Forge Limited has acquired 100% ownership interest in the said Imatra Kilsta AB,Sweeden and Scottish Stampings Limited, Scotland effective from September 21, 2005, through a 100% owned SPV. Imatra Forging Group is one of the worlds leading forging group, largest manufacturer of Front Axle Beams and the second largest crankshafts
- 21 Sept 2005 24:00EVEREADYM&A
Eveready Industries India Limited has informed the Exchange that the Company has entered into a Memorandum of Understanding (MOU) with BPL Limited, Bangalore for the acquisition of 4,90,00,000 equity shares of Rs.10 each representing the entire paid-up share capital of BPL Soft Energy Systems Ltd. (hereinafter referred to as 'BSESL'),Bangalore from the said BPL Ltd. and its associates who are presently holding the shares. The consideration agreed for the acquisition is Rs.45 crores for the shares and assumption of net liabilities (including term loans and bank borrowings) for a sum not exceedi
- 20 Sept 2005 24:00ASTRAMICROM&A
Astra Microwave Products Limited has informed the Exchange that Mrs. Anjana Daga wife of Mr. Sandeep Daga, one of the Director of the Company has sold 600 Equity Shares of Astra Microwave Products Limited on September 16, 2005.
- 20 Sept 2005 24:00SKUMARSYNFM&A
S. Kumars Nationwide Ltd has informed the Exchange that M/s. Chamundeshwari Trading and Finance Limited have sold 16,942 equity shares of the Company on September 19, 2005.
- 20 Sept 2005 24:00RELIANCEM&A
Reliance Industries Ltd has informed the Exchange that the Hon'ble High Court of Judicature at Bombay, by an order made on September 16, 2005, has directed that a meeting of the Equity Shareholders, Secured Creditors and Unsecured Creditors of the Company be convened and held on October 21, 2005 for the purpose of considering the Scheme of Arrangement between Reliance Industries Limited, Reliance Energy Ventures Limited, Global Fuel Management Services Limited, Reliance Capital Ventures Limited & Reliance Communication Ventures Limited and their respective shareholders and creditors.
- 20 Sept 2005 24:00RPGCABLESM&A
Rpg Cables Ltd has informed the Exchange that at the meeting of BODs of the Company held on September 20, 2005, a scheme of arrangement to be entered between the Company and its Fixed Depositors has been approved, subject to the approval of the High Court at Karnataka.
- 19 Sept 2005 24:00DCMFINSERVM&A
Dcm Financial Services Limited has informed the Exchange that pursuant to the orders dated September 28, 2004, December 17, 2004, February 01, 2005, March 02, 2005, May 06, 2005 and July 11, 2005, passed by the Hon'ble Delhi High Court at Delhi, the meeting of Secured creditors / Banking Institution was held on September 17, 2005. The Company has further informed that the scheme has been voted upon with modification proposed by Punjab and sind bank in their forum.
- 16 Sept 2005 24:00SUDARCOLORM&A
Colour Chem Ltd has informed the Exchange that the BODs of the Company at their meeting held on September 16, 2005, considered the amalgamation of the Clariant group of companies in India, namely, Clariant (India) Limited, BTP India Pvt Limited, Colour-Chem Limited and its subsidiaries Vanavil Dyes and Chemicals Limited and Kundalika Investments Limited. The Company has further informed that the Board has decided to merge Clariant (India) Limited, BTP India Pvt Limited, Vanavil Dyes and Chemicals Limited and Kundalika Investments Limited into Colour-Chem Limited. Based on the Joint Valuation R
- 16 Sept 2005 24:00CLARIANTM&A
Clariant (India) Ltd has informed the Exchange that the BODs of the Company at their meeting held on September 16, 2005, considered the amalgamation of the Clariant group of companies in India namely Clariant (India) Limited, BTP India Private Limited, Colour-Chem Limited and its subsidiaries Vanavil Dyes and Chemicals Limited and Kundalika Investments Limited. The Company has further informed that the BODs of Clariant (India) Limited, has decided to merge itself into Colour-Chem Limited. Based on the Joint valuation report dated September 16, 2005 of M/s Bansi S. Mehta & Co., Chartered Accoun
- 16 Sept 2005 24:00PENINLANDM&A
Morarjee Realties Limited has informed the Exchange that the Hon'ble Bombay High Court has approved the Scheme of Amalgamation and Arrangement between Morarjee Realities Ltd., Piramal Holdings Limited and Piramyd Retail and Merchandising Private Limited.The company has further informed that certified copy of the order is expected in due course.The scheme will be effective upon filing of the said order with the Registrar of Companies.
- 15 Sept 2005 24:00GESHIPPINGM&A
Great Eastern Shipping Co. Ltd. has informed the Exchange that the BODs at their meeting held on September 15, 2005, have approved the Scheme of Arrangement pursuant to which the Offshore Division of the Company will be demerged into a separate Company "Great Offshore Limited" (Resulting Company) w.e.f. April 01, 2005. The BODs considered the recommendations of the 2 independent valuers Deloitte Haskins & Sells and Kalyaniwalla & Mistry and have decided the share entitlement ratio of 1 fully paid up equity share of Rs.10/- of "Great Offshore Limited" (Resulting Company) to be issued to the sha
- 13 Sept 2005 24:00RELMEDIAM&A
Adlabs Films Limited has informed the Exchange that the Company is looking into acquiring overseas distribution business of Hindi films. Further, the Company is also negotiating on deals relating to acquisition of various films under production. The above activities would either form part of the Company's normal course of business activities or that of its associate or subsidiary.
- 12 Sept 2005 24:00ABIRLANUVOM&A
Indian Rayon & Industries Ltd. has informed the Exchange that a meeting of the BODs of Indian Rayon And Industries Limited("the Company") was held on September 11, 2005, at which the proposal to amalgamate the entire business and undertaking of Indo Gulf Fertilizers Limited ("IGFL") and Birla Global Finance Limited ("BGFL") into the Company in terms of two separate Schemes of Amalgamation under section 391-394 of the Companies Act 1956 were considered and approved. The proposed Schemes of Amalgamation provide that upon sanction, the merger of IGFL into the Company and BGFL into the Company wi