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Board of Berger Paints India approves scheme of amalgamation

Capital Market 

At meeting held on 14 April 2017

The Board of Directors of at its meeting held on 14 April 2017 inter alia, approved the Scheme of Amalgamation of BJN Paints ('the Transferor Company'), a wholly owned subsidiary of Beepee Coatings (a wholly owned subsidiary of the Company) with the Company with effect from 1 April 2017 ('Appointed Date'), pursuant to Sections 230 and 232 of the Companies Act, 2013. The Scheme is conditional upon and subject, inter alia, to sanction of the same by the Hon'ble National Company Law Tribunal ('NCLT').

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, April 15 2017. 09:31 IST