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Ashok Leyland provides update on scheme of amalgamation

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Capital Market

Scheme becomes effective from 28 April 2017

Ashok Leyland has received the National Company Law Tribunal (NCLT), Chennai Bench approval vide order dated 24 April 2017 for Scheme of Amalgamation of Hinduja Foundries with Ashok Leyland.

Ashok Leyland and Hinduja Foundries have filed e-Form No INC-28 with the Registrar of Companies (RoC), Chennai along with the Certified True Copy of the Order on 28 April 2017. Accordingly, the Scheme has become effective from 28 April 2017 with the appointed date of 01 October 2016.

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First Published: May 02 2017 | 6:28 PM IST

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