Godrej to merge Swadeshi Detergents

Our Bureau Mumbai | Updated on March 08, 2018 Published on March 22, 2013

Diversified conglomerate Godrej Industries has got a nod for merger of Swadeshi Detergents with itself. In a filing with the Bombay Stock Exchange, Godrej Industries said that the board has approved the scheme of amalgamation of Swadeshi Detergents, under the Companies Act, 1956, with itself and their respective shareholders. However, no fresh shares will be issued pursuant to the merger as Swadeshi Detergents is a wholly-owned subsidiary of Godrej Industries. The scheme is subject to approval of the Bombay High Court, the shareholders and creditors, if any, of Swadeshi Detergents.

Published on March 22, 2013
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