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Wellness Noni gets nod for merger of Noni Biotech with itself

12 Nov 2013 Evaluate

Wellness Noni has received an approval for the merger of Noni Biotech, a promoter group company with the company with effect from April 01, 2014 subject to necessary approvals. The board of directors at its meeting held on November 12, 2013 has approved for the same.

Further, the board had appointed a sub-committee for finalize the scheme of merger of Noni Biotech with the company.

Wellness Noni is engaged in the business of finance and investments. The company focuses on the forex business and to some extent in securities trading activities.

Peers
Company Name CMP
Bajaj Finserv 1879.40
TVS Holdings 12797.60
Cholamandalam Fin. 1462.55
Altius Telecom Infra 174.00
Kama Holdings 2171.90
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