Timken India: Acquires ABC Bearing

Timken India: Acquires ABC Bearing mnacritique.mergersindia.com

Scheme of Amalgamation between ABC Bearing Ltd (Transferor) and Timken India Ltd (Transferee) and their respective shareholders and creditors. Consideration being 5 equity shares of Rs 10 each of Transferee company for every 8 equity shares of Rs 10 each of transferor company. Appointed date is date on which the last of the sanction orders is passed or such other date as the NCLT may direct.

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