Kalimati Investment to amalgamate with Tata Steel

Tata Steel Ltd has informed BSE that the Committee of Directors of the Company and the Board of Directors of Kalimati Investment Company Limited (KICL) have at their respective meetings held on April 10, 2013, approved amalgamation of KICL with the Company with effect from January 1, 2013. This is subject to and conditional upon requisite approvals and sanction being received thereof, including approvals and orders under Sections 391 - 394 of the Companies Act, 1956, as may be required.In terms of the Scheme, KICL will be amalgamated with the Company, followed by the dissolution without winding up of KICL. As the Company is the sole shareholder of KICL, the shares of the Company in KICL will stand cancelled as a result of the amalgamation. No shares of the Company will be issued in terms of the Scheme.Source : BSE

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