Bilpower Ltd has announced that the Board of Directors of the Company at its meeting held on January 24, 2007, inter alia, has approved acquisition / Amalgamation of M/s. Sun Transtamp Pvt Ltd with the Company and have also approved the Swap Ratio for the amalgamation i.e. 150 Equity Shares of the Company for every 1 equity share of M/s. Sun Transtamp Pvt Ltd.
