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EID Parry to merge Parry Phytoremedies with itself

31 Jul 2014 Evaluate

EID Parry India has received an approval for amalgamation of Parry Phytoremedies, a wholly owned subsidiary company with itself, subject to various regulatory and other approvals. The board of directors at its meeting held on July 30, 2014 has approved for the same.

Parry Phytoremedies, being a wholly owned subsidiary of the company and the entire equity share capital of Parry Phyto being held by the company, there will be no issue of equity shares by the transferee company pursuant to the amalgamation.

EID Parry India manufactures and markets a wide range of products such as sugar, bio-products and nutraceuticals. Today, the company is one of the Top 5 sugar producers in India and is on the path to sweetening more lives around the world.

E.I.D. Parry (I) Share Price

865.45 12.45 (1.46%)
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