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Goodlass Nerolac Proposes to Merge with CCL

Published on 2005-01-10. Author : SpecialChem

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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