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Kokuyo Camlin Ltd has informed BSE that:

"our Promoter company, namely. M/s. Kokuyo S&T Co., Ltd., Japan (“Kokuyo S&T") has informed us that it has filed an application with the concerned regulatory authorities in Japan for the merger of its company with its 100% holding company, namely, M/s. Kokuyo Co., Ltd. Japan (“Kokuyo Japan"). We are given to understand that the merger between Kokuyo S&T and Kokuyo Japan is subject to the approval of regulatory authorities in Japan, and pursuant to the said merger Kokuyo S&T shall be merged into Kokuyo Japan, and Kokuyo Japan shall be the surviving company. Subject to the approval of regulatory authorities in Japan, the proposed merger shall be effective from October 01, 2015.

Pursuant to the aforesaid merger, Kokuyo Japan which is a 100% holding company of Kokuyo S&T and also a Person Acting in Concert of Kokuyo S&T, will be our Promoter Company, and shall hold 7,36,25,750 Equity shares of Re. 1/-each constituting 73.40% of our total paid up equity share capital held till date by Kokuyo S&T.

Kokuyo Japan and the Company shall make necessary filings with the stock exchanges in relation to the proposed merger, in the prescribed formats, as and when required, in accordance with applicable law."

Source : BSE - >www.bseindia.com

Published on October 01, 2015
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