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