Zuari Industries gets nod for scheme of arrangement and demerger

Zuari Industries has received an approval whereby the High Court of Bombay at Goa has sanctioned the proposed scheme of arrangement and demerger between Zuari Industries and Zuari Holdings and their respective shareholders vide its order dated March 02, 2012.

Zuari Industries, part of the K K Birla Group, was incorporated as Zuari Agro Chemicals to manufacture urea and complex fertilizers. The company forayed into various business areas such as cement, furniture, hybrid seeds, engineering consultancy, financial services, and oil tanking through a route of subsidiaries and joint ventures.