Nila Infrastructures' board approves revised scheme of amalgamation

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Updated: 06/11/2009 | 12:00 AM IST

Manufacturing

Capital Market

Friday, November 06, 2009 (New Delhi)

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With Pearl Stockholdings

The board of Nila Infrastructures has approved the revised share exchange ratio for amalgamation of Pearl Stockholdings with Nila Infrastructures. As per the revised scheme the shareholders of PSHPL will be issued and allotted 86 equity shares of Re 1 each for every 10 equity shares of Re 1 each held by them at a premium of Rs 1.20 per share.

This was approved at the board meeting held on 30 October 2009.