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Titagarh Wagons update on scheme of amalgamation

Capital Market 

Cimmco to allot 72 lakh to Titagarh Wagons

announced that pursuant to the Scheme of Amalgamation of Titagarh Agrico (a subsidiary of the Company) with Cimmco (another subsidiary of the Company) and their respective shareholders ('Scheme') sanctioned by the Hon'ble National Company Law Tribunal (NCLT), Kolkata Bench, the Board of Directors of Cimmco has passed a resolution on 2 December, 2017, to allot 72,00,000 (Seventy two lakh) equity of Rs. 10/- each of Cimmco to ('the Company'), the eligible/only member of Titagarh Agrico Private ('TAPL') in the share exchange ratio of 1 (one) equity share of Rs. 10/- each of Cimmco for every 5 (five) equity share of Rs. 10/- each held in TAPL.

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

First Published: Mon, December 04 2017. 19:55 IST