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Home arrow Mergers and Acquisitions arrow Sumi Motherson Innovative Engineering Ltd to merge with Motherson Sumi Systems
Sumi Motherson Innovative Engineering Ltd to merge with Motherson Sumi Systems Print E-mail
Written by Vijay   
Tuesday, 26 April 2011
Mumbai: Motherson Sumi Systems Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 28, 2011, to consider merger of Sumi Motherson Innovative Engineering Limited (SMIEL), a Company engaged in the manufacture of components for wiring harnesses and other plastic components.

In addition, the Board would also consider merger of the Company's wholly owned subsidiaries, MSSL Global Wiring Limited, a Company engaged in the manufacture of wiring harnesses at SEZ Kandla and India Nails Manufacturing Pvt. Ltd., having mainly land and building.

In this connection the Board would also consider draft scheme of arrangement(s) under Section 391-394 of the companies Act, 1956 in respect of the above Companies.

 
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