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| Exchange Disseminated Time 01/02/2017 14:01:33 | Oricon Enterprises Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 01, 2017, had subject to approval of various authorities approved the Scheme of Amalgamation between Oriental Containers Limited (the First Transferor Company) and Oricon Properties Private Limited (the Second Transferor Company) with Orcion Enterprises Limited (the Transferee Company).
However due to business exigency the Board of Directors at their meeting held on February 01, 2017 has re-considered/ evaluated the earlier decision relating to Scheme of Amalgamation and decided to withdraw Oriental Containers Limited from the said Scheme of Amalgamation.
The Board of Directors has now subject to approval of various authorities decided to amalgamate Oricon Properties Private Limited with Oricon Enterprises Limited. |
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