Hon'ble High Court of Judicature, Madras sanctions Scheme of Amalgamation of EID Parry

EID Parry India Ltd has announced that the Hon'ble High Court of Judicature at Madras vide its Order dated April 17, 2007 had sanctioned the Scheme of Amalgamation of Parry Nutraceuticals Ltd, a wholly owned subsidiary, with the Company and also dissolved the said Parry Nutraceuticals Ltd without winding up.

A Certified copy of the said Madras High Court order was received by the Company on May 02, 2007 and already filed with the office of the Registrar of Companies, Chennai.

Consequent to the above, the scheme of Amalgamation of Parry Nutraceuticals Ltd with the company has become operative from May 03, 2007.

The stock closed the day at Rs.122.65, up by Rs.1.65 or 1.36%. The stock hit an intraday high of Rs.124 and low of Rs.120.55. The total traded quantity was 449154 shares compared to 2 week average of 69652.

Source : Equity Bulls

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