GRASIM INDUSTRIES LTD. - Outcome of Board Meeting - Aditya Birla Chemicals (India) Limited to merge with Grasim Industries Limited
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| 11 Feb 2015 | |
| Grasim Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 11, 2015, has considered and approved a proposal to merge Aditya Birla Chemicals (India) Limited with the Company in terms of a Scheme of Amalgamation u/s 391-394 of the Companies Act, 1956 ("the Scheme") subject to all regulatory approvals.<BR><BR>The finalized Scheme will be filed with the Stock Exchanges as per the applicable provisions of Clause 24 of the Listing Agreement.<BR><BR>The proposed Scheme will inter alia require the approval of the Competition Commission of India, SEBI, the High Court of Judicature at Madhya Pradesh, Bench Indore & the High Court of Jharkhand at Ranchi and the Shareholders/ Creditors of the respective companies.<BR><BR>In this regard, the Company has submitted a copy of Press Release dated February 11, 2015 titled "Aditya Birla Chemicals (India) Limited to merge with Grasim Industries Limited". | |
| View all announcements for GRASIM INDUSTRIES LTD. | Source: BSE India |
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