What happened to Meghmani Organics?
Meghmani Organics had demerged its agrochemical and pigment divisions into a separate subsidiary, Meghmani Organochem Ltd and transferred other businesses of MOL (chloro-alkali and its derivatives business) to Meghmani Finechem.
Is Meghmani Organics delisted?
As articulated by our management many times, Meghmani remains fully committed to our listing in Singapore and have no plans to delist.
What does Meghmani Organics make?
India’s Meghmani Organics is a leading producer of pesticide chemicals used by pesticide manufacturers and pigments used by manufacturers of printing ink, plastics, paint, textiles and leather, paper, and rubber.
When meghmani organics will be relisted?
Meghmani informs that the trading window for dealing in securities of the Company by all Insiders, Directors, Promoters and Designated Employees of the Company, stands closed from 1st April, 2021 and will be re-opened 48 hours after the submission of the Audited Financial Results of the Company for the quarter and …
Is meghmani suspended?
Meghmani Organics Limited Shares of Meghmani Organics Limited shall be suspended w.e.f. May 18, 2021 (i.e. closing hours of trading on May 17, 2021) on account of Scheme of Amalgamation and Arrangement with Meghmani Organochem Limited and with Meghmani Finechem Limited.
When Meghmani Organics will open?
The initial public offering of Meghmani Organics Ltd. will open for subscription on June 4 and close June 7. The manufacturer of pigments and agrochemicals is offering 53,68,421 equity shares in the price band of Rs 17 and Rs 19 per share of Re 1 each.
What is meghmani Finechem?
Meghmani Finechem Limited operates as a chemical manufacturing company. The Company provides caustic soda, caustic potash, chlorine, hydrogen, chloromethanes, and hydrogen peroxide. Meghmani Finechem serves customers worldwide.
When trading in Meghmani Organics will start?
Meghmani Organics IPO to open on June 4.
What is composite scheme of arrangement?
The composite scheme of arrangement (“Scheme”) amongst the Demerged/ Transferor Company, the Resulting Company and the Transferee Company and their respective shareholders and creditors is presented under Sections 230 to 232 read with Section 52 and other applicable provisions of the Act (as defined hereinafter) read …
What is a scheme of arrangement takeover?
Under a contractual takeover offer, the bidder makes a general offer to all target shareholders. A scheme of arrangement is a statutory mechanism which is an alternative to a contractual offer. It is a formal arrangement between the target company and its shareholders, which is governed by the Companies Act 2006.