Hindalco Industries Ltd.

BSE: 500440 | NSE: HINDALCO
Large Cap | Metal - Non Ferrous
941.50
6.80 (0.73%)
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Hindalco Industries informs about scheme of amalgamation

Date: 22-01-2016

Hindalco Industries has informed that consequent to approval of Scheme of Amalgamation of Aditya Birla Chemicals (India) (ABCIL) a subsidiary of the Company, with Grasim Industries (Grasim) by the respective Hon’ble High Courts, the amalgamation has since been approved by the Board of Directors of Grasim to make it effective from April 01, 2015. Accordingly, the Company has received 7,50,312 equity shares of Grasim on January 20, 2016 in exchange of 1,20,04,987 equity shares held by the Company in Aditya Birla Chemicals (India )(ABCIL).

The above information is a part of company’s filings submitted to BSE.