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Board of Kaycee Industries approves scheme of arrangement

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At meeting held on 05 May 2017

Kaycee Industries announced that the Board of Directors at its meeting held on 05 May 2017 has considered and approved the demerger of its specified undertaking comprising of property leasing business along with all related operations, employees, assets, liabilities, etc. into RDJ Constructions (wholly owned subsidiary of Company) under a Scheme of Arrangement under section 230 to 232 read with section 66 and section 52 of the Companies Act, 2013.

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First Published: May 05 2017 | 7:45 PM IST

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