Tata Chemicals has announced that the Hon'ble High Court of Judicature at Bombay has vide its order dated 04 May 2012 sanctioned the scheme of amalgamation of Wyoming 1 (Mauritius), a wholly owned subsidiary of the company with the company.
Pursuant to the said order, the certified copy sanctioning the scheme from 01 January 2012, being the appointed date has been filed electronically with the Registrar of Companies, Maharashtra, Mumbai on 23 May 2012. Thus, the scheme has become effective from 23 May 2012.
Accordingly, in terms of the scheme, all assets and liabilities of Wyoming 1, under the provisions of sections 391 to 394 of the companies act 1956, stands transferred to and vested in the company. As Wyoming 1 is a wholly owned subsidiary, no shares of the company will be issued and allotted in lieu or exchange of the equity shares of Wyoming 1.