G S Auto International Ltd Announces Scheme Of Amalgamation
G S Auto International Ltd announced that the Board of Directors of the Company at its meeting held on May 27, 2013, inter alia, have approved the amalgamation of M/s G.S. Automotives Private Limited, Ludhiana, the transferor Company, with the Company, with effect from April 01, 2012 (being the appointment date) on the basis of the Audited Results of both the Company as at March 31, 2012, through a Scheme of Amalgamation. The Scheme envisages an exchange ratio of 118 equity shares of the face value of INR5.00 each, fully paid-up, of G.S. Auto International Limited, Ludhiana for every 100 equity shares of the face value of INR10.00 each, fully paid-up, of G.S. Auto International Limited.
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