BONGAIREFN

Indian Oil Corporation Ltd has submitted to the Exchange a copy of synopsis of the Scheme of Amalgamation for the merger of Bongaigaon Refinery & Petrochemicals Limited with Indian Oil Corporation Limited. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).<a href=/content/corporate/Bongai_SchBong_30032009.zip target=NEW> For more details click here.</a>

Bongaigaon Refinery & Petrochemicals Ltd has informed the Exchange that "The Ministry of Corporate Affairs (the competent authority to approve mergers of Govt.Companies) has sanctioned the Scheme of Amalgamation for merger of Bongaigaon Refinery & Petrochemicals Limited (BRPL) (a subsidiary of IndianOil) with Indian Oil Corporation Limited under Section 391(2) read with Section 394 of the Companies Act, 1956. Consequent upon filing of the Order of Amalgamation with the Registrar of Companies (ROCs) in Shillong and Mumbai and the same being taken on record by the respective ROCs, Bongaigaon Ref

Bongaigaon Refinery & Petrochemicals Ltd has informed the Exchange that the meetings of the Equity shareholders, Secured Creditors and Unsecured Creditors were held on March 05, 2008 to approve the Scheme of Amalgamation for merger of Bongaigoan Refinery & Petrochemicals Limited with Indian Oil Corporation Limited. The meetings were convened as per the orders of the Ministry of Corporate Affairs (the competent authority to approve amalgamation of Government Companies). Further the Scheme of Amalgamation was approved by the Equity Shareholders, Secured creditors and unsecured Creditors of Bonga

Bongaigaon Refinery & Petrochemicals Ltd has informed the Exchange that the Board of Directors of Company in their meeting held on November 29, 2006 at New Delhi have approved the Scheme of Amalgamation for merger of Bongaigaon Refinery & Petrochemicals Ltd (BRPL) with Indian Oil Corporation Ltd. The Board of Directors have also recommended a swap ratio of 4 : 37 i.e. four equity shares of Rs.10/- each of Indian Oil Corporation Limited ('the Transferee Company') as fully paid-up for every thirty-seven equity shares of Rs.10/- each of BRPL (the Transferor Company'). The above is, however, subje

Bongaigaon Refinery & Petrochemicals Ltd has informed the Exchange that the Board of Directors of the Company have in their meeting held on July 07, 2005 recommended the proposal for merger of BRPL with the holding Company Indian Oil Corporation Limited to the Government of India for approval in line with the guidelines of Department of Public Enterprises, Government of India, in terms of which prior approval of Government of India is essential for undertaking any further steps in the matter.