Don’t miss the latest developments in business and finance.

Bodal Chemicals provides update on scheme of amalgamation

Image
Capital Market
Last Updated : Dec 19 2016 | 12:01 AM IST

Receives certified copy of approval order of High Court

Bodal Chemicals announced that the Company has received the certified copy of oral order for approving the Scheme of Amalgamation from Hon'ble High Court of Gujarat.

Furthermore, upon the scheme becoming effective, the transferor company i.e. Bodal Agrotech shall stand dissolved without winding up. Hence, Bodal Chemicals will not submit consolidated financial results henceforth as after this amalgamation, the Company will not have any subsidiary/ associate or JV company.

Powered by Capital Market - Live News

Also Read

First Published: Dec 17 2016 | 2:53 PM IST

Next Story