• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager
• Smartbuy

Stocks

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

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

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

Our Bureau

Kolkata, April 25

The iconic corporate entity by the name of Shaw Wallace & Company Ltd faded into history on Friday with shareholders of the company approving a scheme of amalgamation that sought to merge Shaw Wallace & Company with UB Group company United Spirits Ltd.

A meeting of equity shareholders of Shaw Wallace & Company was convened here on Friday by the Calcutta High Court, which had issued an order in this regard on March 12, 2008. . The scheme will be effective from April 1, 2007.

The share swap ratio has been fixed at four fully paid-up equity shares of the face value of Rs 10 each in United Spirits Ltd for every 17 fully paid-up equity shares of Rs 10 each in Shaw Wallace & Company Ltd.

More Stories on : Mergers & Acquisitions | Breweries

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

Stories in this Section
SAIL to hold prices at pre-raw material surcharge levels

Copyright © 2008, 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