APM Industries has received an approval for the Scheme of Arrangement between the company and APM Finvest, a wholly owned subsidiary of the company, and their respective shareholders and creditors. The Board of Directors of the company at their meeting held on January 11, 2018, approved the same.
The scheme provides for demerger of Finance and Investment Undertaking of the company and its subsequent amalgamation with APM Finvest. The Appointed Date for the Scheme is April 1, 2018.
APM Industries is engaged in the manufacturing and marketing of synthetic blended yarn. The company's principal product includes staple/polyester yarn and acrylic yarn.
