Hester board approves scheme of amalgamation

Hester Biosciences today said its board has approved the scheme of amalgamation and arrangement between Diavetra Lifesciences, Gujarat Agrofarm, Hester Biosciences Mauritius and Innoves Animal Health.

The board of directors of the company, "has considered and approved composite scheme of amalgamation and arrangement between Diavetra Lifesciences Pvt Ltd, Gujarat Agrofarm Ltd, Hester Biosciences Mauritius Ltd and Innoves Animal Health Pvt Ltd and their respective shareholders and creditors under sections 391 to 394 of the Companies Act, 1956," Hester Biosciences said in a filing to BSE.