KENNAMETAL INDIA LTD. - Approval Of Merger Of WIDIA India Tooling Private Limited, Wholly Owned Subsidiary Of The Company With Its Holding Company Viz., Kennametal India Limited
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| 04 Dec 2020 | |
| Dear Sirs,<BR> This is to inform you that the Board of Directors of Kennametal India Limited ('KIL' or the 'Company') at their meeting held today, approved the merger of WIDIA India Tooling Private Limited, wholly owned subsidiary of the Company with its holding company viz., Kennametal India Limited. This merger will enable Kennametal India Limited to streamline the Go-To market model and enhance our relevance to our customers in India by offering full range of solutions from Kennametal and WIDIA branded products. The merger enhances our market coverage, reach to customers and brings in techno-commercial synergies to service our customer requirements in a more effective manner. The Board approved, 1st of April 2021, as the Appointed Date for merger. The draft scheme of merger as approved by the Board is enclosed. <BR> The meeting commenced at 5.45 PM and concluded at 7.10 PM. | |
| View all announcements for KENNAMETAL INDIA LTD. | Source: BSE India |
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