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Zydus Wellness informs about amalgamation of subsidiary companies

24 May 2019 Evaluate

Zydus Wellness has informed that Hon’ble National Company Law Tribunal, Bench at Ahmedabad has passed an order dated May 10, 2019 approving the Scheme of Amalgamation (Scheme) between two subsidiaries, Heinz India Private Limited (Heinz) with Zydus Nutritions Limited (ZNL). Upon amalgamation, Heinz has ceased to be in existence and also to be the subsidiary of the Company. The effective date of the Scheme is May 24, 2019.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Nestle India 1353.15
Varun Beverages 432.00
Britannia Industries 4930.00
LT Foods 424.20
Hatsun Agro Product 1136.45
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