Vinyl Chemicals Board to consider valuation report of demerger

Vinyl Chemicals India Ltd has announced that the Joint Meeting of the Board of Directors of the Company and Pidilite Industries Ltd (PIL) will be held on April 24, 2007, to consider the following:

1. Report of Valuers for fair ratio for allotment of shares, pursuant to the Scheme of Demerger of the Company's manufacturing unit at Mahad into PIL with effect from April 01, 2007.

2. The Scheme of Demerger.

The stock was trading at Rs.10.40, up by Re.0.38 or 3.79%. The stock hit an intraday high of Rs.10.45 and low of Rs.10.10. The total traded quantity was 7250 compared to 2 week average of 5860.

Source : Equity Bulls

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