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Kalindee Rail Nirman (Engineers) Ltd - Outcome of Board Meeting
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30 Dec 2014
Kalindee Rail Nirman (Engineers) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 30, 2014, discussed and approved filing of application, seeking sanction to the Scheme of Amalgamation of the Company with M/s. Texmaco Rail and Engineering limited (TREL), as required pursuant to clause 24(f) of the Listing Agreement in furtherance to the decision taken by it in its meeting held on May 21, 2014. The share swap ratio of 1:1.06, i.e., 106 (One Hundred and six only) fully paid-up equity shares of Re. 1 each of TREL to be issued for every 100 (One Hundred) fully paid-up equity share of Rs. 10 each held by a shareholder in the Company shall remain unchanged.
View all announcements for Kalindee Rail Nirman (Engineers) Ltd Source: BSE India