Dalmia Bharat subsidiary DCBL completes RP for revival of Murli Industries

After completing requisite action for Resolution Plan MIL has become a subsidiary of Dalmia Cement Bharat Limited.

Sep 11, 2020 11:09 IST India Infoline News Service

Dalmia Bharat
Dalmia Bharat Limited informed the exchanges Thursday that its subsidiary Dalmia Cement Bharat Limited (DCBL) has completed requisite actions for Resolution Plan (RP) for a revival of Murli Industries Limited (MIL) and consequently MIL has become a subsidiary of DCBL.

DCBL had shared the RP for the revival of MIL on December 21, 2017, and the RP was approved by the National Company Law Tribunal (”NCLT”), Mumbai vide its order(s) dated July 3, 2019, and July 22, 2019. DCBL had submitted its affidavit of acceptance on July 25, 2019, as directed by NCLT vide the aforesaid orders, the company said.

The company stock is currently trading at Rs712.10, up Rs2.80 or 0.39% than previous closing of Rs709.30 on the BSE.

Related Story