Displaying items by tag: Trishul Concrete Products Ltd

India: Trinetra Cement Ltd's shareholders have approved the amalgamation of Trinetra Cement, Trishul Concrete Products Ltd and India Cements. The plan was first announced in 2014. "The company wants to consolidate cement operations and the merger of Trinetra Cement Ltd and Trishul Concrete Products with India Cements will bring operations under one company," said N Srinivasan, vice chairman and managing director of India Cements.

India: Trinetra Cement and Trishul Concrete Products Ltd, both of which are subsidiaries of India Cements Ltd (ICL), will be merged with ICL. The board of ICL met on 26 February 2014 and approved the amalgamation of the two subsidiaries with itself. The amalgamation is subject to regulatory and other approvals.

ICL holds a 61.22% stake in Trinetra, which has a paid-up capital of US$721,000 through its fully-owned subsidiary, ICL Financial Services Ltd. ICL has an 88.4% stake in Trishul Concrete, which has a paid-up capital of US$352,000 through its wholly-owned subsidiaries.

Under the scheme of amalgamation, the appointed date for the merger is 1 January 2014.