Indoco Remedies equity shareholders approve Scheme of Amalgamation & Demerger

Indoco Remedies Ltd has announced that the Court Convened meeting of the Equity Shareholders of the Company held on June 18, 2007, have approved the Arrangement embodied in the Composite Scheme of Amalgamation and Demerger between La Nova Chem (India) Pvt Ltd and SPA Pharmaceuticals Pvt Ltd and the Company and their respective shareholders and creditors, pursuant to the provisions of Sections 391 to 394 and other applicable provisions of the Companies Act, 1956, if any, and subject to the approval of the Hon'ble High Court of Judicature at Bombay or any other appropriate authorities.

Source : Equity Bulls

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