Ion Exchange India's board approves scheme of amalgamationThe board of Ion Exchange India in its meeting on 07 August 2012 has approved the scheme of amalgamation of Ion Exchange Services (IESL) with the company in terms of resolution passed by the board of directors at their meeting held on 06 August 2012.The scheme envisages an exchange ratio of 42 shares of Ion Exchange India to be issued for every 19 existing Ion Exchange Services shares.