(12-Jul-2013 Hours IST)
Saboo Brothers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 10, 2013, recommended draft scheme relating to: - Merger of the Company with M/s. Bohra Industries Limited (Transferor Company.) in accordance with the SEBI circular dated February 04, 2013 to the Audit Committee and decided to obtain valuation report and appoint Merchant Banker to give fairness opinion. The draft scheme recommended by the audit committee will be placed at the forthcoming Board Meeting scheduled to be held on July 15, 2013.
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