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Taneja Aerospace gets nod for scheme of arrangement

09 Oct 2014 Evaluate

Taneja Aerospace & Aviation’s board has approved the scheme of arrangement between Taneja Aerospace and Aviation (TAAL) and TAAL Enterprises (TEL, a wholly owned subsidiary of the Company), where the charter business and investments in First Airways Inc. and TAAL Tech India (subsidiaries of the Company) would be demerged into TEL. The appointed date of the scheme was October 01, 2014. The shareholding of TEL post demerger would be the same as TAAL.

The Share Swap Ratio for the demerger is one fully paid equity share of Face Value Rs 10 each of TEL for every eight fully paid equity shares of Rs 5 each held in TAAL. The Scheme would require the approvals of the shareholders of the Company, Madras High Court and other regulatory authorities.

Taneja Aerospace & Aviation is a part of the Pune based Indian Seamless group and was established in 1994 as the first private sector company in the country to manufacture general aviation i.e. non-military aircraft.

 

Taneja Aerospace Share Price

279.10 3.85 (1.40%)
21-Apr-2026 11:48 View Price Chart
Peers
Company Name CMP
Interglobe Aviation 4693.20
SpiceJet 13.93
Raymond 442.00
Global Vectra Helico 194.15
Taneja Aerospace 279.10
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