TIE-UPS AND MERGERS
Parke-Davis India: The board today approved the scheme of amalgamation of the company into Pfizer Ltd. This scheme inter alia provides for the allotment of 4 shares of Pfizer Ltd for every 9 shares held by the members of the company. This scheme of amalgamation is subject to the approval of the requisite majority of the shareholders and the Bombay High Court.
Mascot Systems Ltd: The company today announced it has entered a $2.5 million contract with a leading international corporation. The Mascot team will manage business critical IT applications for the client
