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| Exchange Disseminated Time | House of Pearl Fashions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 14, 2010, approved Scheme of Arrangement for merger of Pearl Global Ltd (PGL) with House of Pearl Fashions Ltd (HOPFL).
The Board also took on record valuation report providing for fair equity share exchange ratio for the proposed merger of PGL with HOPFL of 2 (two) equity shares of HOPFL of Rs. 10/- each fully paid-up for every 3 (three) equity shares of PGL of Rs. 10/- each fully paid-up. |
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