Ultratech Cement on Monday said it had received the nod of the Bombay High Court and Gujarat High Court for the merger of Samruddhi Cement with itself.
“... The High Court of Bombay and the Hon'ble Court of Gujarat have sanctioned the scheme of amalgamation of Samruddhi Cement with Ultratech Cement under Section 391-94 of Companies Act 1956 on June 11, 2010, and July 1, 2010, respectively,” the company said in a filing to the BSE. The company has fixed August 1, as the effective date for the scheme of amalgamation.
