BSE approves merger schemes of  Ruchi Group

1/7/2014

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Bombay Stock Exchange Limited (BSE) has granted  'No-objection' for merger of Ruchi Health Foods Limited,  Aneja Solvex Limited, General Foods Limited, Ruchi Credit  Corporation Limited and  Ruchi Private Limited (after demerger of its leasing business into Nutrela Marketing  Private Limited) with Ruchi Soya Industries Limited. It has  also given its 'No-objection' for slump sale of soya
processing, Edible Oil and Vanaspati (other than dairy  business) business of Madhya Pradesh Glychem Industries  Limited to Ruchi Soya Industries Limited

BSE has also given its 'No-objection' for merger of Anik  Industries Private Limited with Madhya Pradesh Glychem  Industries Limited. The NSE has already granted its ' No objection' to  the above merger schemes.


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Ruchi Soya board approves merger of Mac Oil

8/8/2013

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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

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