Pricol Ltd has informed BSE that at the Board Meeting held on December 16, 2013, in-principle approval of the Board is given for the merger of Xenos Automotive Limited, a company engaged in Automotive Accessories, in which the Promoters of Pricol Limited hold a majority of the Shares, subject to the approval of Shareholders, Secured Creditors and Honorable High Court, Chennai.
A Committee of Independent Directors of the Board has been constituted to finalise the terms and conditions of the Scheme of Merger.
Informed fund ideas, better judgment. Every month. Mutual Fund Insight, every month since October 2002.
Take charge. Know more. Keep more. Mutual Fund Insight helps you do all three — every month