(06-Jan-2006 Hours IST)
Indian Oil Corporation Ltd has informed the Exchange that by an order made on December 14, 2005, the Hon'ble Ministry of Company Affairs, has directed that a meeting of the Equity Shareholders of Indian Oil Corporation Limited, ("the Applicant Company"), be convened on January 27, 2006 for the purposes of considering, and if thought fit, approving, with or without modification(s), the arrangement embodied in the Scheme of Amalgamation between Indian Oil Blending Limited and Indian Oil Corporation Limited, being the Transferor Company and the Transferee Company respectively. The company has informed that the shareholders of the Company at their meeting convened by the Hon'ble Ministry of Company Affairs, held on January 27, 2006, have approved the Scheme of Amalgamation of Indian Oil Blending Ltd (a wholly owned subsidiary of Indian Oil) with the Company, with an overwhelmingly majority. (As per BSE Bulletin dated on 02/02/2006) Indian Oil Corporation Ltd has submitted to the Exchange a copy of the proceedings of the meeting of the Shareholders convened, as per the order of Ministry of Company Affairs to consider the Scheme of Amalgamation of Indian Oil Blending Limited with Indian Oil Corporation Limited. (As per NSE Bulletin dated on 16/02/2006)
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