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Mafatlal Industries appoints additional directors

Capital Market/ 15:30 , Oct 11, 2012

Mafatlal Industries appoints additional directorsWith effect from the 10 October 2012The board of Mafatlal Industries in its meeting on 10 October 2012 has approved, in principle, the proposal of amalgamation of Mafatlal Denim (an unlisted group company) and Mishapar Investments, a wholly owned subsidiary with the company with effect from 01 April 2012, subject to finalization of the share exchange ratio and the scheme of amalgamation by the board and such further approvals and process as may be required in the matter.Further, the board has appointed Vishad P Mafatlal, A K Srivastava and Rajiv Dayal as additional directors of the company with effect from the 10 October 2012.

 



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