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HINDALCO INDUSTRIES LTD. - Scheme of Amalgamation of Aditya Birla Chemicals (India) Limited with Grasim Industries Ltd
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22 Jan 2016
Hindalco Industries Ltd has informed BSE that Please note that consequent to approval of Scheme of Amalgamation of Aditya Birla Chemicals (India) Limited (ABCIL) a subsidiary of the Company, with Grasim Industries Limited (Grasim) by the respective Hon&apos;ble High Courts, the amalgamation has since been approved by the Board of Directors of Grasim to make it effective from April 01, 2015. Accordingly, the Company has received 7,50,312 equity shares of Grasim on January 20, 2016 in exchange of 1,20,04,987 equity shares held by the Company in Aditya Birla Chemicals (India ) Limited (ABCIL).
View all announcements for HINDALCO INDUSTRIES LTD. Source: BSE India