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Tinna Rubber and Infrastructure has said that its Board of directors have approved the demerger and transfer of its agro commodity trading and investments undertaking (Demerged Undertaking) into Tinna Trade Pvt Ltd (TTPL) on a going concern basis pursuant to Sec 391-394 of Companies Act, 1956. The Board also approved the Composite Scheme of Arrangement providing for demerger and transfer of the Demerged Undertaking into TTPL; valuation report given by SS Kothari Mehta & Co, and Fairness Opinion Report given by D&A Financial Services (P) Ltd, on the share entitlement ratio recommended by SS Kothari Mehta & Co.
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