Scheme approved by Shareholders
The shareholders of Grasim Industries, Aditya Birla Nuvo and Aditya Birla Financial Services at their meeting held on 06 April and 10 April 2017 respectively have approved the scheme of amalgamation of ABNL with Grasim followed by demerger and listed of financial services business, in line with the NCLT order and the SEBI requirements.With all major approvals in place, the scheme is subject to final approval from NCLT and BSE and NSE. The scheme is expected to be effective during the second quarter of the current financial year.
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