Brief: Gujarat Industries Power approves draft scheme of arrangement in the nature of merger
30/08/2016 08:21
Aug 30 (Reuters) - Gujarat Industries Power Company Ltd GJIP.NS : * Approved the draft scheme of arrangement in the nature of merger of GIPCL Projects And Consultancy Company Limited * Source text: [Gujarat Industries Power Company Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on August 26, 2016, approved the Draft Scheme of Arrangement in the nature of Merger of GIPCL Projects and Consultancy Company Limited, a wholly owned subsidiary of GIPCL, with the Company viz. GIPCL under Sections 391 to 394 of the Companies Act, 1956 or under Sections 230 to 233 of the Companies Act, 2013, as may be applicable] * Further company coverage GJIP.NS ((Bangalore.newsroom@thomsonreuters.com))
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