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Trent Ltd Approves Scheme Of Amalgamation

Monday, 4 Mar 2013 08:35am EST 

Trent Ltd announced that the Board of Directors of the Company at its meeting held on March 04, 2013, has approved the Scheme of Amalgamation and Arrangement (The Scheme) between Landmark Limited (Landmark), Fiora Link Road Properties Limited (Fiora) and Trexa ADMC Private Limited (Trexa) with the Company under the applicable provisions of the Companies Act, 1956, after considering the recommendation of the Audit Committee. The Appointed Date for the merger shall be April 01, 2013. The entire paid-up equity share capital of Landmark, Fiora and Trexa is wholly owned by the Company, either directly or indirectly through its wholly owned subsidiary, hence, no shares of the Company will be issued and allotted pursuant to the proposed Scheme. The Scheme is approved by the Board of Directors subject to the requisite approval of the members and/ or creditors as may be directed by the High Court of Judicature at Bombay and subject to all such requisite approvals from the relevant regulatory authorities and sanction of the High Court of Judicature at Bombay. 

Company Quote

-0.6 -0.05%
6:26am EDT