Financial Daily from THE HINDU group of publications
Thursday, Jun 16, 2005

Port Info

Group Sites

Corporate - Mergers & Acquisitions

J.J. Exporters to merge 2 subsidiaries with it

Our Bureau

Kolkata , June 15

THE board of J.J. Exporters at its meeting here on Tuesday has approved the merger of its two subsidiaries — J.J. Spectrum Silk Ltd and Pooja Creations Ltd - with itself.

The merger decision was taken to give better synergy with the business of three companies, which are engaged in export of silk items.

The total share capital of Pooja Creations will be cancelled as it is a wholly-owned subsidiary of J.J. Exporters, while the exchange ratio of J.J. Spectrum will be 1:8, which means one share of J.J. Exporters for every eight shares of the former. After the merger, the total equity of J.J. Exporters will amount to about Rs 926 crore.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
HM in talks with Volkswagen, Peugeot for component supplies

Skoda to roll out 4 new models; plans exports
No plans to sell stake, says Gillette India promoter
IOC to introduce branded diesel for fishing sector
Callidai Motor launches 4 new products
RPG Life Sciences closes Pune unit
HML board clears Erumely rubber estate sale
Adani bags contract to build silos for FCI
Orchid Chemicals plans $100 m GDR issue
India Inc wants Clause 49 deadline extended
Emerson stepping up recruitment in Pune
J.J. Exporters to merge 2 subsidiaries with it
Philips India set to complete merger by July-end — New company to be named Philips Electronics India
Posco may ink Orissa deal on June 22
DCM Shriram to expand sugar, chlor alkali capacities
MSP Steel plans to raise Rs 16 cr thru public issue
Time frame set for grant of disclosure approvals
Tata Investment bonus issue
Bosch may bring CRDi systems to India — Sees big demand from car segment

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line