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ABC Bearings was locked in upper circuit for the second straight day, up 20% at Rs 286 on BSE, after the company said that the board has approved the merger with Timken India.
Shareholders of ABC Bearings will get five shares of Timken India for eight shares held, according to the filing to the stock exchanges.
The stock trading at its record high level has zoomed 62% in past three trading sessions from Rs 177 on June 30, 2017.
The Scheme is subject to the approval of the shareholders and creditors of ABC Bearings, approval of the
Shareholders of ABC Bearings will get five shares of Timken India for eight shares held, according to the filing to the stock exchanges.
The stock trading at its record high level has zoomed 62% in past three trading sessions from Rs 177 on June 30, 2017.
The Scheme is subject to the approval of the shareholders and creditors of ABC Bearings, approval of the
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