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Visesh Infotecnics to merge SVIL Mines, Surya Vinyak Wellness with itself

15 Jul 2013 Evaluate

Visesh Infotecnics has received an in principal approval to acquire or merge whole or part of the undertakings of the companies, SVIL Mines and Surya Vinyak Wellness with the company subject to receipt of necessary approvals of shareholders/creditors and other appropriate authorities. The board of director at its meeting held on July 12, 2013, has approved for the same. SVIL Mines and Surya Vinayak Wellness are the group companies of Delhi based Floriana Group.

Besides, to give effect to the proposed action plan, the Chairman of the Company & Executive Director of the Company were authorized by the board to appoint advisors and other intermediaries for formulating the structure, valuations, etc.

SVIL Mines is primarily engaged in marble mining and processing. It has a fully integrated state-of-art, automatic plant in Katni, Madhya Pradesh for mining and processing of marble with patented Italian Technology in collaboration with GEO SRL Italy. Surya Vinayak Wellness is engaged in delivering high class wellness solutions under the brand of ‘Chandan Sparsh’.

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