At meeting held on 04 July 2017
ABC Bearings announced that the Board of Directors of the Company at its meeting held on 4 July 2017 has approved, pursuant to the provisions of Sections 230 to 232 of the Companies Act, 2013, the merger of ABC Bearing into Timken India through a Scheme of Amalgamation and Arrangement amongst ABC Bearing, Timken India and their respective shareholders and creditors.The Scheme is subject to the approval of the shareholders and creditors of ABC Bearings, approval of the regulatory authorities and the sanction of the National Company Law Tribunal.
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