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The Anup Engineering gets board’s approval for Scheme of Amalgamation

29 Dec 2022 Evaluate

The Anup Engineering has received approval from Board of the Directors for the Scheme of Amalgamation for the merger of Anup Heavy Engineering with itself. Anup Heavy Engineering is a wholly?owned subsidiary of the company. The Scheme is subject to necessary statutory and regulatory approvals including the approvals of the National Company Law Tribunal (NCLT), the shareholders and the creditors of each of the companies.

The Anup Engineering is engaged in manufacturing and fabrication of process equipment required for Chemicals, Petrochemicals, Pharmaceuticals, Fertilizers, Drugs and other allied industries.

Peers
Company Name CMP
Bharat Heavy Elect. 430.60
Thermax 3680.25
Kirloskar Industries 3830.40
Skipper 551.65
INDO-MIM 1018.90
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