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Jai Corp update on proposed amalgamation of subsidiaries

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announced that its wholly-owned company, ('UIVCL') will inter alia seek the approval of its shareholders to amalgamate it's (i.e.

UIVCL's) wholly-owned company ('UIWAPL') with itself at the ensuing Meeting scheduled to be held on 27 September 2018.

Since the financial statements of both UIVCL and UIWAPL are already being consolidated with the financial statements of the Company, no material financial impact is expected to result from the proposed amalgamation.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, September 10 2018. 17:55 IST