Aditya Birla Chemicals (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 11, 2015, unanimously approved the proposed merger of Aditya Birla Chemicals (India) Limited with Grasim Industries Limited.
In this regard, the Company has submitted to BSE a copy of Press Release dated February 11, 2015 titled 'Aditya Birla Chemicals (India) Limited to merge with Grasim Industries Limited'.
Grasim Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 11, 2015, has considered and approved a proposal to merge Aditya Birla Chemicals (India) Limited with the Company in terms of a Scheme of Amalgamation u/s 391-394 of the Companies Act, 1956 ('the Scheme') subject to all regulatory approvals.
The finalized Scheme will be filed with the Stock Exchanges as per the applicable provisions of Clause 24 of the Listing Agreement.
The proposed Scheme will inter alia require the approval of the Competition Commission of India, SEBI, the High Court of Judicature at Madhya Pradesh, Bench Indore & the High Court of Jharkhand at Ranchi and the Shareholders/ Creditors of the respective companies.
In this regard, the Company has submitted a copy of Press Release dated February 11, 2015 titled 'Aditya Birla Chemicals (India) Limited to merge with Grasim Industries Limited'.
Grasim Industries Ltd has submitted to BSE a copy of the Presentation on Aditya Birla Chemicals (India) Limited to Merge with Grasim.
(As Per BSE Announcement dated on 12/02/2015)
AdityCourt Convened Meeting Updatesya Birla Chemicals (India) Limited has submitted to the
Exchange a copy of Notice dated May 27, 2015 together with the explanatory statement and other accompanying documents, convening the meetings of the equity shareholders and unsecured creditors of the Company for the purpose of considering the Scheme of Amalgamation of Aditya Birla Chemicals (India) Limited ( Transferor Company ) with Grasim Industries Limited ( Transferee Company ) and their respective shareholders and creditors on July 03, 2015 in terms of directions of Hon'ble High Court of Jharkhand.
(As per NSE Bulletin dated on 01.06.2015)
Aditya Birla Chemicals (India) Ltd has submitted to BSE a copy of Minutes of the proceedings held on July 03, 2015 relating to declaration of the results on the voting by Postal Ballot and E-voting.
(As per BSE Announcement dated on 04.07.2015)
Grasim Industries Ltd has informed BSE that the Competition Commission of India has, vide its letter dated September 07, 2015 (received by the Company on September 08, 2015), approved the amalgamation of Aditya Birla Chemicals (India) Limited with Grasim Industries Limited. The Commission has further informed that its Order in this regard will follow.
(As Per BSE Announcement Dated on 09/09/2015)
With reference to the earlier letter dated June 10, 2015, Grasim Industries Ltd has now informed BSE that the Scheme of Amalgamation of Aditya Birla Chemicals (India) Ltd with Grasim Industries Ltd has been sanctioned by the Hon'ble High Court of Madhya Pradesh, Bench Indore on October 09, 2015.
The Certified copy of Order has been received by the Company on October 19, 2015.
The sanction of the Scheme of Amalgamation by this Order will be subject to the Outcome of the Petition filed by Aditya Birla Chemicals (India) Limited (Transferor Company) before the Jharkhand High Court.
(As Per BSE Announcement Dated on 20/10/2015)
With reference to the earlier announcement dated July 04, 2015 regarding Outcome of Court Convened Meeting. Aditya Birla Chemicals (India) Ltd has now informed BSE that the Scheme of Amalgamation of Aditya Birla Chemicals (India) Ltd. with Grasim Industries Ltd. has been sanctioned by the Hon'ble High Court of Jharkhand at Ranchi on November 23, 2015. The order of the Hon'ble High Court of Jharkhand at Ranchi in this regard will be filed with the Stock Exchanges on receipt of the same.
(As Per BSE Announcement Dated on 24.11.2015)
Aditya Birla Chemicals (India) Ltd has informed BSE regarding a Press Release dated January 04, 2016 titled 'Aditya Birla Chemicals (India) Ltd merged with Grasim Industries Ltd'.
(As Per BSE Announcement Dated on 04.01.2016)
Aditya Birla Chemicals (India) Ltd has informed BSE that the Board of Directors of Grasim Industries Ltd has fixed January 15, 2016 as the 'Record Date' for determining the entitlement of the equity shareholders of Aditya Birla Chemicals (India) Ltd (ABCIL) to receive fully paid up equity shares of Grasim Industries Ltd in the ratio of 1 (one) fully paid up equity share of Rs. 10/- (Rupees Ten) each of Grasim Industries Ltd credited as fully paid up for every 16 (Sixteen) fully paid up equity shares of Rs. 10/- (Rupees Ten) each, held by such shareholder in Aditya Birla Chemicals (India) Ltd (ABCIL).
(As Per BSE Announcement Dated on 05.01.2016)
SUB. : - Amalgamation of Aditya Birla Chemicals (India) Ltd.(Scrip Code 500057).
Trading members of the Exchange are hereby informed that, pursuant to the Scheme of Amalgamation as approved and sanctioned by the Hon'ble High Court of Jharkhand at Ranchi between Aditya Birla Chemicals (India) Limited and Grasim Industries Limited, Grasim Industries Limited has intimated the Record Date to determine the entitlement of shareholders of Aditya Birla Chemicals (India) Limited to equity shares of Grasim Industries Limited.
Trading Members are advised not to deal in the equity shares of Aditya Birla Chemicals (India) Limited with effect from the under mentioned date:
COMPANY NAME CODE
Aditya Birla Chemicals (India) Ltd.
(500057)
RECORD DATE
15/01/2016
PURPOSE
The Scheme of Amalgamation: -
Upon the Scheme becoming effective and in consideration of the Amalgamation of Aditya Birla Chemicals (India) Limited into Grasim Industries Limited, Grasim Industries Limited shall issue and allot Equity Shares to the shareholders of Aditya Birla Chemicals (India) Limited in the following share exchange ratio:
'1(ONE) equity Share of Rs.10/- each of Grasim Industries Limited for every 16 (SIXTEEN) equity shares of Rs.10/- each held in Aditya Birla Chemicals (India) Limited'.
NO DEALINGS FROM
14/01/2016 DR-198/2015-2016
Trading Members of the Exchange are requested to take note of it.
(As Per BSE Notice Dated on 07.01.2016)
Grasim Industries Ltd has informed BSE regarding 'Allotment of 14,61,657 Equity Shares under the Scheme of Amalgamation of Aditya Birla Chemicals (India) Limited (ABCIL) with Grasim Industries Limited'.
(As per BSE Announcement dated on 20.1.2016)
Hindalco Industries Ltd has informed BSE that Please note that consequent to approval of Scheme of Amalgamation of Aditya Birla Chemicals (India) Limited (ABCIL) a subsidiary of the Company, with Grasim Industries Limited (Grasim) by the respective Hon'ble High Courts, the amalgamation has since been approved by the Board of Directors of Grasim to make it effective from April 01, 2015. Accordingly, the Company has received 7,50,312 equity shares of Grasim on January 20, 2016 in exchange of 1,20,04,987 equity shares held by the Company in Aditya Birla Chemicals (India ) Limited (ABCIL).
(As per BSE Announcement dated on 22.1.2016) | Powered by Capital Market - Live News |
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