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Provider: Wright Reports
Provider: Motilal Oswal Securities Ltd.

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Tribhovandas Bhimji Zaveri Ltd's Board Approves Proposal For Merger Under Scheme Of Amalgamation; Recommends Dividend

Wednesday, 29 May 2013 12:17am EDT 

Tribhovandas Bhimji Zaveri Ltd announced that the Board of Directors of the Company at its meeting held on May 28, 2013, inter alia has approved the following: In Principle approval to the proposal for Merger under the Scheme of Amalgamation: The Board of Directors has considered and has given in principle approval to the proposal for Merger of the Company with its two wholly owned subsidiary Companies, viz. Tribhovandas Bhimji Zaveri (Bombay) Limited and Konfiaance Jewellery Private Limited under the Scheme of Amalgamation; Board of Directors has recommended a dividend of INR2.25 per equity share of INR10 each that is 22.5% for the financial year ended March 31, 2013 (Previous Year: 7.50%). The payment is subject to the approval of shareholders in the ensuing Annual General Meeting. 

Company Quote

-2.9 -1.77%
23 Oct 2014