Indoco Remedies to consider amalgamation of La Nova Chem, acquisition of SPA Pharmaceuticals

Indoco Remedies Ltd has announced that a meeting of the Board at Directors of the Company will be held on January 24, 2007, inter alia, to transact the following:

1. To take on record the un-audited Quarterly results for the second quarter period October 02, 2006 to December 31, 2006.

2. To consider the amalgamation of M/s. La Nova Chem (India) Pvt Ltd, a 100% subsidiary of the Company, with the Company.

3. To consider the acquisition of the pharmaceutical business of M/s. SPA Pharmaceuticals Pvt Ltd, Mumbai, by a legal demerger process.

Source : Equity Bulls

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