At meeting held on 05 November 2016
Dalmia Bharat announced that the Board of Directors of Dalmia Bharat ("DBL") at its meeting held on 05 November 2016, has considered and approved, on recommendation of the Audit Committee of DBL, a scheme of arrangement and amalgamation amongst Odisha Cement ("ODCL"), DBL and Dalmia Cement (Bharat) ("DCBL) and their respective shareholders and creditors in terms of Sections 391-394 read with Sections 100 to 103 of the Companies Act, 1956 and Section 52 of the Companies Act, 2013 and other applicable provisions, if any, of the Companies Act, 1956 or the corresponding provisions of the Companies Act, 2013 ("Scheme").Powered by Capital Market - Live News
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