Jyothy Laboratories’ (JLL) board has approved the amalgamation of Henkel India (HIL) with itself. As per the scheme of arrangement, the swap exchange ratio is fixed at 1:8 i.e. HIL’s shareholders will get 1 share of JLL for every 8 of its share in return. The shares held by JLL in HIL will be extinguished post merger. After the merger, equity of Jyothy Laboratories will increase by 2.87%.
Recently, Jyothy Laboratories recommended the issue of bonus shares in the ratio of 1:1 , subject to the approval of shareholders. Last year, Henkel India became a subsidiary of Jyothy Laboratories consequent to the sale of 50.87 percent stake in Henkel India held by Henkel AG & Co. of Germany.
| Company Name | CMP |
|---|---|
| Hindustan Unilever | 2241.10 |
| Godrej Consumer Prod | 1108.20 |
| Dabur India | 442.10 |
| Colgate Palmol. (I) | 2106.20 |
| P&G Hygiene | 10006.55 |
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