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JBF BoD to mull merger of Miscrosynth Fabrics
28 Mar '08
1 min read
JBF Industries Ltd has informed that the Board of Directors of the Company at its meeting held on March 28, 2008, has considered the scheme of amalgamation of Microsynth Fabrics (India) Ltd into JBF Industries Ltd.
The Valuation Report was taken on record and the Board of Directors has fixed swap ratio. One fully paid up equity share of Rs 10 each of JBF industries Ltd will be issued for every 200 filly paid up equity shares of Rs 10 each of Microsynth Fabrics (India) Ltd.
The Valuation Report was taken on record and the Board of Directors has fixed swap ratio. One fully paid up equity share of Rs 10 each of JBF industries Ltd will be issued for every 200 filly paid up equity shares of Rs 10 each of Microsynth Fabrics (India) Ltd.
JBF Industries Ltd
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