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Bharat Forge Ltd updates on scheme of amalgamation


Monday, 10 Feb 2014 05:03am EST 

Bharat Forge Ltd:Says scheme of amalgamation under Sections 391 to 394 of the Indian Companies Act, 1956 amongst-.Kalyani ALSTOM Power Ltd (transferor company) a joint venture subsidiary company of Bharat Forge Ltd and ALSTOM Power Holdings S.A. having their shareholding at 51 pct and 49 pct , respectively; and.ALSTOM Bharat Forge Power Ltd (transferee company) a joint venture company of ALSTOM Power Holdings S.A. and Bharat Forge Ltd having their shareholding at 51 pct and 49 pct, respectively; and has been filed in the Hon’ble High Court of Delhi.The appointed date as proposed under the scheme is Apr. 01.On the scheme becoming effective, the Kalyani ALSTOM Power Ltd (transferor company) shall stand dissolved without being wound up and amalgamated into ALSTOM Bharat Forge Power Ltd (transferee company) a joint venture company of ALSTOM power Holdings S.A. and Bharat Forge Ltd. 

Company Quote

907.75
3.1 +0.34%
19 Dec 2014