United Drilling Tools Ltd Proposes Amalgamation Of Macro Steel Engineers Pvt. Ltd
United Drilling Tools Ltd announced that the Board of Directors of the Company at its meeting held on February 02, 2013, unanimously approved, in principle, the proposed amalgamation of Macro Steel Engineers Pvt. Ltd. with the Company and other connected matters. The Board decision is subject to further approval by the Shareholder of the Company and other competent authorities. Terms of the transaction were not disclosed.
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