On June 12, 2017 Bengal and Assam Company Ltd announced the scheme of arrangement between Florence Investech Ltd., BMF Investments Ltd., J.K. Fenner (India) Ltd., and Bengal and Assam Company Ltd.
Bengal & Assam Company Ltd (BACL) is a public limited company incorporated in the year 1947. The company is engaged in the investment and finance business. It is an NBFC registered as a Non-Deposit taking Systematically Important Core Investment Company with RBI. The company operates in four segments: investment (shares/securities/funding), polymers, cotton yarn and dairy products. The equity shares of BACL are listed on BSE Ltd. and the current market cap of the company is Rs 1,488.80 crore.
Florence Investech Ltd (Florence) is a core investment company and is exempted from registrations with RBI. Equity shares of Florence Investech Ltd are listed on BSE. It is engaged in the business of investing in shares and securities. The market cap of this company is Rs 471.05Crores.
BMF Investments Ltd (BMF) is registered as NBFC with RBI. It is engaged in the business of investing in shares and securities. BMF is not listed on any stock exchange.
J.K. Fenner (India) Ltd (FIL) is an operating company engaged in the business of Power Transmission Products, Oil seals, Moulded Rubber Products and Rubber compounds, Rubber scrap, Engineering products and services. It has 7 manufacturing facilities spread over 5 geographical locations. FIL is not listed on any stock exchange.
Appointed date is 1st April 2017.
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