At meeting held on 09 February 2016
EMCO announced that the Board of Directors of the Company at its meeting held on 09 February 2016, inter alia, has decided to withdraw the Scheme of Arrangement between EMCO and EMCO Infrastructure pursuant to provisions of Sections 391 to 394 of the Companies Act, 1956 for transfer of its Infrastructure business undertaking to its wholly owned subsidiary EMCO Infrastructure. The Board took the decision, in view of change in the current market conditions and scenario related to infrastructure business and lack of interest shown by Investors in Infrastructure Sector globally and particularly in India.Powered by Capital Market - Live News