Ruchi Soya Industries updates on amalgamation

Ruchi Soya Industries Ltd has announced that the Board of Directors of the Company at its meeting held on December 23, 2006, inter alia, has allotted 65,52,107 equity shares of Rs 10/- each of the Company to the shareholders of the merging Companies in accordance with:-

a. Composite Scheme of Arrangement and Amalgamation of Anik Industries Pvt Ltd and General Foods Ltd and Madhya Pradesh Glychem Industries Ltd and Ruchi Health Foods Ltd and Ruchi Pvt Ltd and Nutrela Marketing Pvt Ltd and the Company and their respective shareholders, approved by the Hon'ble High Court of Bombay vide its Order passed on June 30, 2006 in the Company petition No 210 of 2006 connected with the Company application No. 837 of 2005.

b. Scheme of Amalgamation of Aneja Solvex Ltd and Ruchi Credit Corporation Ltd with the Company and their respective shareholders, approved by the Hon'ble High Court of Bombay vide its Order passed on June 16, 2006 in the Company Petition No. 200 of 2006 connected with the Company Application No. 835 of 2005 and

c. Scheme of Amalgamation of Param Industries Ltd with the Company and their respective shareholders, approved by the Hon'ble High Court of Bombay vide its Order passed on November 17, 2006 in the Company Petition No. 535 of 2006 connected with the Company Application No. 834 of 2005.

The equity shares allotted as above rank pari passu with the existing equity shares of the Company.

Source : Equity Bulls

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