• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Hyderabad , July 25

Lanco Global Systems Ltd has informed BSE that the Andhra Pradesh High Court has approved the scheme of amalgamation of Lanco Global Systems Inc., based in the US, with the company. It may be recalled that the board of directors of Lanco Global Systems Ltd in December 2005 had approved the proposal for the merger of Lanco Global Systems Inc., with the company, with share swap ratio as per Valuation Report of UTI Securities Ltd, Mumbai at two equity shares of face value of Rs 10 each of the company for every three equity shares of face value of $0.10 each of Lanco Global Systems Inc., subject to all legal and other formalities and procedures.

More Stories on : Mergers & Acquisitions | Courts/Legal Issues

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

Stories in this Section
Ambani groups trade charges yet again

Copyright © 2006, 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