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Kinetic Engineering Ltd Approves Merger With Kinetic Motor Company Limited; Delisting Of Shares From Pune Stock Exchange Limited
Kinetic Engineering Ltd announced that the Board of Directors of the Company at its meeting held on December 09, 2011, has transacted the following and approved the merger of Kinetic Motor Company Limited (KMCL) with Kinetic Engineering Limited (KEL). Inter-alia, an exchange ratio of 7.75 : 1 was approved for the equity shares of KMCL and KEL. The Board also approved the delisting of its equity shares from the Pune Stock Exchange Limited.
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