Bombay Burmah Trading Corporation Ltd has informed BSE that the scheme of amalgamation of M/s. Electromags Automative Products Private Limited (a wholly owned subsidiary of the Corporation) , and The Bombay Burmah Trading Corporation Limited has been sanctioned by the High Court of Judicature at Madras vide its order dated on August 24, 2012.
Accordingly, Electromags Automative Products Private Limited (EAPL) has merged with The Bombay Burmah Trading Corporation Limited (BBTCL) with effect from April 01, 2011, being the Appointed Date and EAPL stands dissolved without winding up.
Further, as per the Scheme of Amalgamation, EAPL being a wholly owned subsidiary of BBTCL, all the equity shares held by BBTCL in EAPL stand automatically cancelled and extinguished and accordingly, there will be no issue / allotment of further shares by the BBTCL in this regard. | Powered by Capital Market - Live News |
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