IBP

Ibp Co. Ltd. has informed the Exchange that "The Ministry of Company Affairs (being the competent authority to approve mergers of Govt. Companies) has vide their Order dated 30th April, 2007 sanctioned the Scheme of Amalgamation for merger of IBP Co. Limited (a subsidiary of IndianOil) with Indian Oil Corporation Limited under Section 391(2) read with Section 394 of the Companies Act, 1956. The Scheme of Amalgamation provides for a swap ratio 110 :100 i.e. issue of 110 equity shares of Rs. 10/- each of IndianOil (the Transferee Company) as fully paid for every 100 equity shares of Rs. 10/- eac

Ibp Co. Ltd. has informed the Exchange the Shareholders of IBP Co. Limited have at the Meeting Convened and held- pursuant to Order of the Hon'ble Ministry of Company Affairs (being the Competent Authority to approve amalgamation in Government Companies)- on June 29, 2006, voted overwhelmingly in favour of merger of IBP Co. Limited (which is a subsidiary of Indian Oil Corporation Limited) with Indian Oil Corporation Limited.

Ibp Co. Ltd. had informed the Exchange that subject to the approval of Government of India, the Board of Directors of the Company had at its Meeting held on December 22, 2004 accorded approval to the Scheme of Amalgamation for Merger of the Company with Indian Oil Corporation Limited ("IndianOil") and recommended the Swap Ratio of 125:100 i.e 125 equity shares of Rs.10 each of IndianOil (the Transferee Company) as fully paid-up for every 100 equity shares of Rs.10 each of IBP (the Transferor company). The Company has further informed that as both the Transferor and the Transferee Companies are

Ibp Co. Ltd. has informed the Exchange that the Board of Directors of the company in their meeting held on December 22, 2004 have approved the scheme of amalgamation for merger of IBP Co. Ltd. with Indian Oil Corporation Ltd. The Board of directors have also recommended a swap ratio of 125:100 i.e 125 equity shares of Rs.10/- each of Indian Oil Corporation Ltd. (the Transferee Company) as fully paid up for every 100 equity shares of Rs.10/- each of IBP Co. Ltd. (the Transferor company). The above is however, subject to the approval of Govt. Of India and all other consents or approvals from Reg