Aarti Industries to merge with 4 companies
Q. Chemical and pharma firm Aarti Industries has received approval from Bombay and Gujarat HC for amalgamation of which companies with itself on 22nd September 2015 -- Published on 23 Sep 15a. Gogri and Sons Investment, Alchemie Leasing and Financing
b. Anushakti Holdings and Anushakti Chemical and Drugs
c. Both of the above
d. Neither of the above
ANSWER: Both of the above
Chemical and pharma firm Aarti Industries has received approval for amalgamation of 4 companies with itself. Merger aims to simplify and rationalise shareholding of promotes and increase public float of shares enhancing stock liquidity. Merger will result in elimination of associate companies and ensure shareholding structure is more investor friendly.
