Camlin gets HC nod for scheme of arrangement
Writing instruments and art material manufacturer, Camlin Ltd on Monday said the Bombay High Court has approved the scheme of arrangement between Camlin Fine Chemicals Ltd and itself.
By PTI |
MUMBAI: Writing instruments and art material manufacturer, Camlin Ltd on Monday said the Bombay High Court has approved the scheme of arrangement between Camlin Fine Chemicals Ltd and itself.
The Bombay High Court, at the hearing on November 17, approved the scheme of arrangement for the proposed demerger of Fine Chemicals Division of the company into Camlin Fine Chemicals Ltd, the company informed the Bombay Stock Exchange.
The board meeting of the company in order to give effect to the demerger would be held on the receipt of the High Court order, it added.
The Bombay High Court had approved the scheme of arrangement between Camlin, Camlin Fine Chemicals and their respective shareholders.
The shares of the company were trading at Rs 167, up 2.74 per cent, on the BSE.
The Bombay High Court, at the hearing on November 17, approved the scheme of arrangement for the proposed demerger of Fine Chemicals Division of the company into Camlin Fine Chemicals Ltd, the company informed the Bombay Stock Exchange.
The board meeting of the company in order to give effect to the demerger would be held on the receipt of the High Court order, it added.
The Bombay High Court had approved the scheme of arrangement between Camlin, Camlin Fine Chemicals and their respective shareholders.
The shares of the company were trading at Rs 167, up 2.74 per cent, on the BSE.
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