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Udaipur Cement Works Announces Tribunal Convened Meeting for Amalgamation Scheme

Story Highlights
  • Udaipur Cement Works plans a Tribunal Convened Meeting for creditors and shareholders.
  • The meeting will discuss a Composite Scheme of Amalgamation involving multiple companies.
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Udaipur Cement Works Announces Tribunal Convened Meeting for Amalgamation Scheme

An announcement from Udaipur Cement Works Ltd. ( (IN:UDAICEMENT) ) is now available.

Udaipur Cement Works Limited has announced a Tribunal Convened Meeting for its unsecured creditors and equity shareholders as directed by the National Company Law Tribunal, Jaipur Bench. This meeting is part of a Composite Scheme of Amalgamation and Arrangement involving JK Lakshmi Cement Limited, Udaipur Cement Works Limited, Hansdeep Industries & Trading Company Limited, and Hidrive Developers and Industries Limited. The meeting aims to consider and potentially approve the proposed scheme, which could have significant implications for the company’s operations and its stakeholders.

More about Udaipur Cement Works Ltd.

YTD Price Performance: -7.97%

Average Trading Volume: 71,649

Current Market Cap: 15.08B INR

See more insights into UDAICEMENT stock on TipRanks’ Stock Analysis page.

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