Mahindra Forgings merger plan
Mahindra Forgings Ltd has said that the Bombay High Court has approved the scheme of arrangement envisaging amalgamation of Mahindra Stokes Holding Company Ltd, Mahindra Forgings Overseas Ltd and Mahindra Forgings Mauritius Ltd with the company with effect from April 1, 2007. The amalgamation consolidates the Forging businesses across geographies such as Germany, the UK and India and will provide benefits of operational synergy. – Our Bureau
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