"A meeting of board of directors will be held on December 14 to consider and approve the scheme of amalgamation of Vora Soaps (VSL) with Godrej Industries and their respective shareholders," Godrej Industries said in a BSE filing.
It further said: "VSL holds 57.66 per cent of the equity capital of Godrej Industries which will get cancelled pursuant to amalgamation and shareholders of VSL will be allotted 57.66 per cent of the equity capital of Godrej Industries".
Shares of Godrej Industries settled at Rs 589.05, down 1.46 per cent on BSE.
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