Mafatlal Industries: Updates on scheme of arrangement

Mafatlal Industries Ltd has informed BSE that the Hon'ble High Court of Gujarat at Ahmedabad has by order dated April 08, 2013, approved the Scheme of Arrangement and Amalgamation of Mishapar Investments Limited and Mafatlal Denim Limited with Mafatlal Industries Limited in the Company Petition No. 30/2013 filed by the Company as Transferee Company to sanction the Scheme. Similarly, the Hon'ble High Court of Gujarat has passed an order in the Company Petition No. 29/2013 filed by Mafatlal Denim Limited as Transferor Company No. 2 for sanction of the Scheme.Mishapar Investments Limited, Transferor Company No. 1 has filed Company Petition in the Hon'ble High Court of Bombay and the same is pending for sanction.Source : BSE

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