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Bajaj Hindusthan Approves Scheme Of Amalgamation

June 17, 2010, Thursday, 09:45 GMT | 04:45 EST | 14:15 IST | 16:45 SGT

(RTTNews) - Bajaj Hindusthan said that company approved scheme of amalgamation of Bajaj Hindusthan Sugar and Industries with the company.

The company said that the appointed date of amalgamation is proposed to be April 01, 2010. The scheme of amalgamation envisages a share exchange ratio of one share of Re.1 fully paid-up for every five share of Re.1 held in Bajaj Hindusthan Sugar and Industries.