Comments
Further to the announcement on May 22 regarding amalmagation, Kirloskar Brothers Investments has now informed the exchanges that on June 15 it received a certified copy of the order in this regard from the Bombay High Court. The High Court has sanctioned the composite scheme between Kirloskar Brothers Investments, Pneumatic Holdings and Kirloskar Oil Engines and their respective shareholders and creditors. The company is in the process of filing forms with the Registrar of Companies, Pune, Maharashtra. Shares of Kirloskar Brothers Investments closed a tad higher at ₹3,900 while Kirloskar Oil shares jumped 3.3 per cent at ₹269.9 on the NSE.
Kewal Kiran Clothing has informed the exchanges that its board of directors has declared a special first interim dividend of 350 per cent or ₹35 a share on 1.23 crore equity shares of ₹10 each for 2015-16. The date of payment of the interim dividend will be on or after July 1, 2015. The stock of Kewal Kiran Clothing closed at ₹2,142.45, down 2.6 per cent on the NSE.
The board of Super Tannery has discussed a proposal to demerge its Goat Tannery division with another entity Amin Tannery Ltd, a Kanpur-based unlisted company. The company has authorised Iftikharul Amin, Managing Director, Mohd Imran, Director, and RK Awasthi, Company Secretary, to take all necessary steps in this regard. Shares of Super Tannery tumbled 4.6 per cent at ₹5.15 on the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.