RCC Cements has received an approval for proposed scheme of arrangement among RCC Cements and Marg-Darshan Estate and Invest and Kameshwari Buildwell and valuation report thereof. The company has received an approval at its board meeting held on July 27, 2011.
Further, under the scheme, in the first part, the capital structure of the company will be reorganized by writing off the past accumulated losses and the unlisted part of the paid up capital of the company. In the second part of the scheme Marg- Darshan Estate and Invest and Kameshwari Buildwell will get merged with RCC Cements.
RCC Cements has been engaged in the manufacture of cement and sale of software. Earlier known as Rishabh Cement Company, it acquired its present name in October 1995. Located in the Gurgaon district of Haryana, the manufacturing unit produced portland cement and marketed it under the Rishabh and RCC brand names.
| Company Name | CMP |
|---|---|
| Ultratech Cement | 11948.20 |
| Ambuja Cement | 444.25 |
| ACC | 1392.00 |
| Shree Cement | 25437.05 |
| Dalmia Bharat | 1830.30 |
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