Industry News
Goodlass Nerolac Proposes to Merge with CCL
Published on 2005-01-10. Author :
SpecialChem
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Goodlass Nerolac Paints Ltd has announced that it has
suggested to merge its 100 % subsidiary Chemguard Coatings Ltd (CCL) with
itself. CCL's Registered Office is situated at Chennai.
CCL has filed the required amalgamation petition at the
High Court of Judicature at Madras.
It is reported that this decision will not affect the
company's share capital as CCL is the company's wholly-owned subsidiary
and there will not be any issue of shares by the company.
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