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Board of Aditya Birla Money approves scheme of amalgamation

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Last Updated : Jan 24 2018 | 2:31 PM IST

At meeting held on 24 January 2018

The Board of Directors of Aditya Birla Money at its meeting held on 24 January 2018 has considered and approved a Scheme of Amalgamation for merger of Aditya Birla Commodities Broking, a wholly owned subsidiary of the Company, with the Company under Section 230-232 of the Companies Act, 2013 ('Scheme').

The Scheme is subject to necessary Statutory and Regulatory approvals including the approvals of the National Company Law Tribunal, respective Shareholders and Creditors, if any, of each of the Companies involved in the Scheme.

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First Published: Jan 24 2018 | 2:12 PM IST

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