The board of the company, in a meeting held yesterday decided to merge the two subsidiaries, Bata India said in a filing to BSE.
"...The Board of Directors of the Company at its meeting held on August 5, 2014, inter alia, have decided to merge Bata Properties Limited and Coastal Commercial & Exim Limited, the two wholly-owned subsidiaries, with the company," it said.
However, the merger would be subject to regulatory approvals and sanction by the Calcutta High Court.
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