Zuari Agro Chemicals has received its board’s approval to merge its three wholly-owned subsidiaries into the company in order to simplify the group structure and achieve synergies in operations. The appointment date of the amalgamation has been fixed as April 1, 2015.
As a consequence of amalgamation, there will be no change in the shareholding pattern of the company and the company is not required to issue any shares pursuant to the amalgamation as all the transferor companies ZFCL, ZRSFL and ZASL are wholly-owned subsidiaries.
After the scheme becomes effective, ZFCL, ZRFSL and ZASL would be dissolved without winding up and the shares held by the company in transferor companies should be cancelled and extinguished without any act or deed.
Zuari Agro Chemicals is one of the leading fertilizer conglomerates in India. The company produces high-quality complex fertilizers of various grades along with seeds, pesticides, micro nutrients, and specialty fertilizers.
| Company Name | CMP |
|---|---|
| Coromandel Interntl. | 2000.30 |
| National Fertilizers | 78.18 |
| RCF | 130.25 |
| Chambal Fert & Chem | 442.00 |
| Paradeep Phosphates | 126.55 |
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