Mafatlal Industries gets nod for Amalgamation

11 Oct 2012

Mafatlal Industries has received in-principle approval for Amalgamation of Mafatlal Denim (an unlisted Group Company) and Mishapar Investments, a wholly owned Subsidiary with itself with effect from April 01, 2012, subject to finalization of the share exchange ratio and the Scheme of Amalgamation by the Board and such further approvals and process as may be required in the matter.

The board at its meeting held on October 10, 2012 has approved the same.

Mafatlal Industries, a flagship company of the Arvind Mafatlal Group that has vertically integrated composite textile mills, was incorporated in 1913 at Ahmedabad. The company is engaged in manufacture of textiles and textile chemicals

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