Key Developments: Schrader Duncan Ltd (SCDU.BO)
54.60INR
13 May 2013
Rs2.60 (+5.00%)
Rs51.10
Rs54.60
Rs54.60
Rs54.60
815
208
Rs97.85
Rs36.25
Latest Key Developments (Source: Significant Developments)
Schrader Duncan Ltd Announces Merger With Subsidiary
Schrader Duncan Ltd announced that the Board of Directors of the Company at its meeting held on August 14, 2012, inter alia, has considered the merger of the Company (Schrader Duncan Limited) with its 100% Subsidiary that is (Associated Polymers Limited). A scheme of Merger would be put forth, for the Approval of the Board of Directors in next Board Meeting. Full Article
Schrader Duncan Ltd Announces Conclusion Of Mulund Land Sale
Schrader Duncan Ltd announced that the sale of Company’s Mulund land has been concluded on June 22, 2012, the sale consideration has been received in full and possession of the said land has been handed over to the purchaser. Total amount of sale consideration is 43.88 Crores(438.8 million), balance payment amount INR21.93 Crores(INR219.3 million) is received on June 22, 2012. Full Article
Oriental Carbon & Chemicals Ltd Announces Acquisition Of Shares Of Schrader Duncan Limited
Oriental Carbon & Chemicals Ltd announced that 1,848,000 fully paid-up Equity Shares of INR10 each constituting 50% of the total paid-up Equity Share Capital of Schrader Duncan Limited have been transferred from the foreign promoter of that company namely Schrader Bridgeport International Inc., to Oriental Carbon & Chemicals on April 13, 2012. This transfer has been effected pursuant to the share purchase agreement signed by the parties on March 14, 2012. The terms of the acquisition were not disclosed. Full Article
Schrader Duncan Ltd Does Not Recommend Dividend
Schrader Duncan Ltd announced that the Board of Directors of the Company at its meeting held on May 18, 2011, inter alia, did not recommend any dividend to the shareholders. Full Article
Schrader Duncan Ltd Announces Resignation Of Managing Director
Schrader Duncan Ltd announced that Mr. Ravi Swaminathan, Managing Director has tendered his resignation from the services of the Company. Full Article
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