India Cements equity shareholders approve scheme of Amalgamation

India Cements Ltd has announced that the Equity shareholders of the Company at their Court Convened meeting held on June 11, 2007, have passed the resolution, approving the Scheme of amalgamation between Visaka Cement Industry Ltd and the Company.

The aforesaid scheme of amalgamation will be subject to approval of the Hon'ble High Court of Judicature at Madras for which necessary petition / affidavit will be filed with the Court shortly.

Source : Equity Bulls

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