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NCLT approves scheme of arrangement of MOL’s subsidiaries

28 Feb 2019 Evaluate

The National Company Law Tribunal (NCLT), Ahmedabad Bench has approved the Scheme of Arrangement between Meghmani Agrochemicals (Transferor Company), Wholly Owned Subsidiary of Meghmani Organics (MOL) with Meghmani Finechem (Transferee Company), subsidiary of MOL.

The Transferor Company and Transferee Company have filed Form INC 28 with the Registrar of Companies on February 27, 2019. 

MOL is a leading manufacturer of pigment and pesticide products in the country and is the recipient of several prestigious awards in recognition of its outstanding business performance.

Peers
Company Name CMP
UPL 555.00
PI Industries 1714.80
Bayer CropScience 3444.50
Sharda Cropchem 728.15
Sumitomo Chem. India 346.80
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