Brief: Electrosteel Castings Approves Proposed Amalgamation Scheme With Srikalahasthi Pipes

Electrosteel Castings

05/10/2020 09:24

Oct 5 (Reuters) - Electrosteel Castings Ltd  ELST.NS :
    * APPROVED PROPOSED DRAFT SCHEME OF AMALGAMATION AMONGST
SRIKALAHASTHI PIPES & CO
    * SCHEME PROVIDES FOR TRANSFER, VESTING OF ENTIRE
UNDERTAKING OF
SPL INTO CO, DISSOLUTION OF SPL WITHOUT WINDING UP
    * SRIKALAHASTHI SHAREHOLDER TO GET 59 SHARES OF CO FOR EVERY
10
SHARES HELD IN SRIKALAHASTHI

Source text for Eikon:  ID:nBSE6FbXsz 
Further company coverage:  ELST.NS  SRIK.NS 

 ((Reuters.Briefs@thomsonreuters.com;))