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Friday, Nov 19, 2004

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Corporate - Mergers & Acquisitions


Shareholders okay ITC Hotels merger plan

Our Bureau

KOLKATA: The court-convened EGM of ITC Hotels Ltd as per the amalgamation scheme, proposing a merger with ITC Ltd, was held on Wednesday. The shareholders approved the scheme with an overwhelming majority.

Similarly, the court-convened EGM of Ansal Hotels Ltd, which also proposed a merger with ITC Ltd, was held on Tuesday. The shareholders approved the amalgamation scheme.

More Stories on : Mergers & Acquisitions | Hotels

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