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Texmaco nods merger ratio with 3 cos

Texmaco shares rose over 2% after the company approved the merger ratio for Neora Hydro, Shree Export House and Evershine Merchants.

At 2:28 PM, the share gained 2.09% to Rs 1,172. Intra-day, the share rose to a high of Rs 1,200.

Texmaco holds 50% equity in Neora Hydro. The merger ratio was approved at one equity share of Texmaco for every 65 shares of. Neora Hydro. The balance 50% equity shares will be cancelled.

More : economictimes.indiatimes.com

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