As per an Order dated September 11, 2019 passed by the Honble National Company Law Tribunal, Mumbai Bench, Tata Chemicals has informed that a Meeting of the equity shareholders of the Company was convened on October 30, 2019 at 3.00 pm at Walchand Hirachand Hall, 4th Floor, Indian Merchants Chamber Building, IMC Marg, Churchgate, Mumbai 400 020 (Meeting), to consider, and if thought fit, to approve, with or without modification(s), the proposed Scheme of Arrangement between Tata Chemicals (Demerged Company) and Tata Global Beverages (Resulting Company) and their respective shareholders and creditors for the demerger of the Consumer Products Business of the Demerged Company to the Resulting Company (Scheme).The proposed resolution for approving the Scheme was passed with requisite majority by the Equity Shareholders of the Demerged Company. Also informed that the Scheme shall now be subject to further approval of regulatory and other authorities including approval of NCLT.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| BASF India | 3703.10 |
| Tata Chemicals | 709.05 |
| SRF | 2493.65 |
| Pidilite Inds. | 1393.25 |
| Deepak Nitrite | 1538.00 |
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