Saturday, December 10, 2011

Kinetic Engineering and Kinetic Motor Company Set to Merge

Kinetic Engineering and Kinetic Motor Company Set to Merge

Board of Directors of Kinetic Engineering Limited (KEL) and Kinetic Motor Company Limited (KMCL), both companies belonging to the Firodia Group of Industries, approved a scheme of merger for the merger of KMCL with KEL. A scheme of Amalgamation has been proposed to be filed under sections 391, 394 and 101 of the Companies Act,

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