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EID Parry India gets nod for scheme of amalgamation

10 Jun 2013 Evaluate

EID Parry India has received an approval for scheme of amalgamation pursuant to which Sadashiva Sugars; a wholly owned subsidiary Company will be amalgamated with EID Parry (India). The board of directors at its meeting held on June 10, 2013 has approved for the same

Sadashlva Sugars (SSL), being a wholly owned subsidiary of the company and the entire equity share capital of Sadashiva Sugars (SSL) being held by the company, there is no issue of equity shares by the transferee company pursuant to the scheme.

EID Parry India manufactures and markets a wide range of products such as sugar, bio-products and nutraceuticals. Today, the company is one of the Top 5 sugar producers in India and is on the path to sweetening more lives around the world.

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