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Sesa Sterlite - Updates on Scheme of Amalgamation

By Religare
|

Sesa Sterlite Ltd has informed BSE that the Hon'ble High Court of Madras had approved the Scheme of Amalgamation of the Sterlite Infra Limited with the Company on March 25, 2015. Subsequent to filling the necessary forms, the Merger Scheme is effective from April 08, 2015, the date certified copy of Madras High Court was filed and necessary filing of the Forms was done with the Registrar of Companies (ROC), Ministry of Corporate Affairs. Since Sterlite Infra Limited was a wholly owned subsidiary of the Company, no new shares are issued pursuant to the Scheme.

Story first published: Thursday, April 9, 2015, 13:10 [IST]
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