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Board of Digjam approves proposed scheme of amalgamation

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Capital Market

At meeting held on 31 July 2015

Digjam announced that the Board of Directors of the Company at its meeting held on 31 July 2015 approved the proposed scheme of amalgamation between Digjam with Digjam Textiles (wholly owned subsidiary), and their respective creditors and shareholders for amalgamation of Digjam with Digjam Textiles subject to all relevant approvals.

The Board of Digjam Textiles has also approved the scheme of amalgamation at its meeting held on 31 July 2105. Currently, it is not a listed entity.

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First Published: Jul 31 2015 | 7:40 PM IST

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