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MUMBAI: Videocon Industries Ltd has informed the BSE that its board of directors has approved the scheme of amalgamation of Petrocon India Ltd with the company and the valuation of the shares together with the exchange ratio determined and recommended by the valuers.

The company has further informed that the exchange ratio has been proposed as five shares of the company for every two shares held in Petrocon India.

More Stories on : Mergers & Acquisitions

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