Chola.Invest - Outcome of Board Meeting

Subscribe to GoodReturns

Cholamandalam Investment and Finance Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 30, 2012, inter alia, has considered and approved a Scheme of Amalgamation of the Company's wholly owned subsidiary viz. Cholamandalam Factoring Ltd. (CFACT) with the Company, subject to the approval of shareholders, creditors, regulatory authorities, etc. and sanction of the Scheme by the Hon'ble High Court of Judicature at Madras. The proposed "Appointed Date" for amalgamation is April 01, 2012.

Story first published: Tuesday, October 30, 2012, 23:38 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?