Grasim Industries Ltd. has informed the Exchange that the Board of Directors of Samruddhi Cement Limited (“Samruddhi”), an unlisted subsidiary of Grasim Industries Limited ( the “Company”), in its meeting held on November 15, 2009, has approved the merger of Samruddhi into UltraTech Cement Limited (“UltraTech”), a listed subsidiary of the Company.The merger is proposed to be undertaken through a scheme of amalgamation under Sections 391-394 of the Companies Act, 1956. Continue reading Grasim Board Approves Merger of Samruddhi Cement into UltraTech Cement →