23 Feb 2009, 1311 hrs IST, ET Bureau
MUMBAI: The Composite Scheme of Arrangement between Consolidated Finvest & Holdings Ltd, Jindal India Finvest & Holdings Ltd and Jindal India power tech Ltd has been approved by the shareholders and still pending with the high court for sanction.
Since, Jindal Powertech was in urgent need of money , the board has called Rs. 2 per share from its shareholders making its paid up Share of Rs. 4 per share. Following this, Consolidated Finvest and Jindal Powertech have decided to amend the ratio or merger between the two from 5:1 to 2.5:1.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment