On 31 October 2014
Greenply Industries announced that at the hearing held on October 31, 2014, the Hon'ble Gauhati High Court, has approved the composite Scheme of Arrangement under Sections 100 to 104 and 391 to 394 of the Companies Act, 1956 between Greenply Industries ("Greenply") and Greenlam Industries ("Greenlam"), a wholly owned subsidiary of Greenply, and their respective shareholders and creditors, for demerger of the Decorative Business (comprising of Laminates and Allied Products) of Greenply with all its assets and liabilities, into Greenlam with effect from 01 April 2013 (Appointed Date).Powered by Capital Market - Live News