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Godrej Properties Ltd Announces Scheme Of Amalgamation


Wednesday, 30 Oct 2013 04:33am EDT 

Godrej Properties Ltd announced that in order to consolidate operations of wholly owned subsidiaries and eliminating multiple operating entities, the Board of Directors of the Company on October 30, 2013, considered and approved the Scheme of Amalgamation of Godrej Sea View Properties Private Limited and Godrej Nandhi Hills Project Private Limited with Godrej Properties Limited (the Scheme) and their respective shareholders. No shares are proposed to be issued pursuant to the Scheme since Godrej Sea View Properties Private Limited and Godrej Nandhi Hills Project Private Limited are wholly owned subsidiary of Godrej Properties Limited. The Scheme is subject to approval of the Hon’ble High Court of Judicature at Bombay, and the shareholders and creditors, if any, of Godrej Sea View Properties Private Limited and Godrej Nandhi Hills Project Private Limited, as may be directed by the Hon’ble High Court of Judicature at Bombay. The merger being of 100% subsidiary companies into Godrej Properties Limited, a specific dispensation will be sought from the Hon’ble High Court of Judicature at Bombay from filing the application / petition by the Company and accordingly, the Company will not be required to file a petition with the High Court. 

Company Quote

248.35
0.1 +0.04%
26 Dec 2014