Edible oil manufacturer Ruchi Soya Industries today said its board has approved the merger of Mac Oil Palm, a firm belonging to the company\'s promoters\' group, with itself.
Under the scheme of amalgamation and arrangement, Mac Oil shareholders would receive 20 share of Ruchi Soya for every 67 equities held, Ruchi Soya Industries said in a statement to the BSE.
Mac Oil is engaged in the business of development of oil palm plantation and processing oilpalm fruits. Further, the board of Ruchi Soya also decided to pursue the implementation of agreements signed by the company with various state governments for promotion of oil palm plantation in various parts of the company.
Ruchi Soya wants to implement these agreements as part of its procurement rights, the company said.
Source : http://business-standard.com
Other Links:
Ruchi Soya Industries Income Statement | RCSY Earnings
Income Tax department puts HRA exemption under scanner
CBI defends raids against Stalin, says searches not intended to
VVIP chopper deal: CBI questions Guido Haschke
Coal scam: CBI to close 2 PEs filed for missing files
Reveal source of Rs 22885 crore or face CBI probe: SC to Sahara
CBI files case against BJP leader's son in coal scam
Under the scheme of amalgamation and arrangement, Mac Oil shareholders would receive 20 share of Ruchi Soya for every 67 equities held, Ruchi Soya Industries said in a statement to the BSE.
Mac Oil is engaged in the business of development of oil palm plantation and processing oilpalm fruits. Further, the board of Ruchi Soya also decided to pursue the implementation of agreements signed by the company with various state governments for promotion of oil palm plantation in various parts of the company.
Ruchi Soya wants to implement these agreements as part of its procurement rights, the company said.
Source : http://business-standard.com
Other Links:
Ruchi Soya Industries Income Statement | RCSY Earnings
Income Tax department puts HRA exemption under scanner
CBI defends raids against Stalin, says searches not intended to
VVIP chopper deal: CBI questions Guido Haschke
Coal scam: CBI to close 2 PEs filed for missing files
Reveal source of Rs 22885 crore or face CBI probe: SC to Sahara
CBI files case against BJP leader's son in coal scam
RSS Feed