Pidilite Industries shareholders to approve Scheme of Arrangement

Pidilite Industries Ltd has announced that pursuant to the Order made by the Hon'ble High Court of Judicature at Bombay, a meeting of the shareholders of the Company will be held on August 27, 2007, for the purpose of considering and, if thought fit, approving with or without modification(s), the arrangement embodied in the Scheme of Arrangement for the demerger of the Vinyl Acetate Monomer ("VAM") Manufacturing Unit of Vinyl Chemical (India) Ltd into the Company (Applicant).

Source : Equity Bulls

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