Forbes Gokak plans merger with Fal Inds

The board of Forbes Gokak at its meeting to be held on June 21, 2005, are to consider a proposal of amalgamation of Fal Industries with itself, including the ratio of exchange of shares.

According to a Forbes Gokak notice issued to the BSE, the company and its subsidiary Forbes Finance hold 37.44% of paid up share capital of Fal Industries of Rs 4.56 crore. Paid-up share capital of the company is 12.45 crore.