HLL-POND's MERGER TO BE EFFECTIVE FROM JANUARY `98
Article Abstract:
The merger of Pond's (India) Ltd (PIL) with Hindustan Lever Ltd (HLL) will become effective from January, 1998. For every three shares of HLL, four shares of PIL will be issued. The amalgamation has been approved by the Bombay High Court on September 10, 1998. Under the merger scheme, HLL will pay an interim dividend of 60 percent to the eligible PIL shareholders. It will also pay the second part of interim dividend of 12 percent as announced by PIL to its shareholders on October 14, 1998. (gs)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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ASTRAL GLASS PVT LTD
Article Abstract:
Astral Glass Pvt Ltd of Mumbai manufactures containers for the cosmetic industry. It offers total customised packaging solutions for the cosmetic sector, from designing and fabricating moulds to glass decorations, with matching closures and allied services. The company exports to 22 countries across the world and has registered an export turnover of Rs8 crore since its inception in October 1996. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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