10th Apr 2013 16:50
April 10, 2013
Re : Amalgamation of Kalimati Investment Company Limited with the Company
The Committee of Directors of the Company and the Board of Directors of Kalimati Investment Company Limited (KICL) have at their respective meetings held today, approved amalgamation of KICL with the Company with effect from January 1, 2013. This is subject to and conditional upon requisite approvals and sanction being received thereof, including approvals and orders under Sections 391 - 394 of the Companies Act, 1956, as may be required.
In terms of the Scheme, KICL will be amalgamated with the Company, followed by the dissolution without winding up of KICL. As the Company is the sole shareholder of KICL, the shares of the Company in KICL will stand cancelled as a result of the amalgamation. No shares of the Company will be issued in terms of the Scheme.
A copy of the Scheme will be submitted to you separately for approval under Clause 24(f) of the Listing Agreement.
Related Shares:
Tata Steel