Supreme Holdings has received an approval from Bombay High Court on July 29, 2011 for the proposed scheme of amalgamation of Jatia Hotels & Resorts and Royalways Trading & Investment Services with the company and the formal order is expected soon.
Last year in December, Supreme Holdings had received its board’s approval for scheme of amalgamation of Jatia Hotels & Resorts and Royalways Trading & Investment Services with the company. The appointed date of the said scheme is April 01, 2010.
The swap ratio of the said amalgamation was 35 equity shares of the company of Rs 10 each fully paid up for every 2 equity shares of Jatia Hotels & Resorts of Rs 10 each fully paid up, and the exchange ratio of 1 equity shares of the company of Rs 10 each fully paid up for every 6 equity shares of Royalways Trading & Investment Services of Rs 10 each fully paid up.
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|---|---|
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| Dilip Buildcon | 457.55 |
| DLF | 601.80 |
| Oberoi Realty | 1710.00 |
| Ahluwalia Contract(I | 832.90 |
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