Rishiroop Rubber (International) has received an approval for merger of Puneet Resins with itself. The board of directors at their meeting held on September 02, 2014 has approved for the same. The board also took on record Valuation report submitted by SSPA & Company, Chartered Accountants.
As per the scheme of merger, shareholder holding 5 equity shares of Rs 10 each of Rishiroop Rubber (International) will be allotted 3 Optionally Convertible Preference Shares of Rs 10 issued at premium of Rs 34 each of Puneet Resins.
Rishiroop Rubber (International) established in 1971 is an Indian enterprise having core competencies in products required by Rubber Industries and Coatings. The company is the pioneer of Chlorinated Rubber (Brand Name Chlorub) in India.
Company Name | CMP |
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Apcotex Inds | 450.35 |
GRP | 6575.00 |
Pix Transmission | 1427.80 |
Elgi Rubber Co. | |
Rubfila Internatl. | 74.80 |
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