At meeting held on 11 June 2015
Rain Commodities announced that the Board of Directors of the Company at its meeting held on 11 June 2015, have approved the Scheme of Arrangement under Section 391 - 394 of the Companies Act, 1956 for Amalgamation of Moonglow Company Business Inc, British Virgin Islands, a step down wholly owned subsidiary with the Company.The aforesaid Scheme of Arrangement is subject to the approval of Lenders, Shareholders, Stock Exchanges, Regulators and Hon'ble High Court of Andhra Pradesh and Telangana.
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