Hon'ble High Court, Gujarat sanctions Scheme of Amalgamation of Aditya Birla Nuvo

Aditya Birla Nuvo Ltd has announced that the Scheme of Amalgamation of Aditya Birla Insulators Ltd with the Company has been sanctioned by the Hon'ble High Court, Gujarat at Ahmedabad. The Committee of Board of Directors authorised for this purpose, has reviewed and declared the merger effective which shall take effect from April 01, 2007 (Appointed Date).

The stock closed the day at Rs.1463.05, down by Rs.17.05 or 1.15%. The stock hit an intraday high of Rs.1505 and low of Rs.1451.10. The total traded quantity was 22119 compared to 2 week average of 44929.

Source : Equity Bulls

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