VDL shareholders approve merger with HLL
By Our Convergence Bureau | 27 Sep 2005
The High Court of judicature of Bombay had convened a meeting of the shareholders of Vashisti Detergents Limited (VDL), on 24th September, 2005 at the registered office, Chiplun, to consider the amalgamation of the VDL with HLL.
The board of directors of HLL had earlier approved the proposal for amalgamation of VDL. The board had approved the share exchange ratio of 1:10. The board of VDL had also approved the proposal for amalgamation with the company in a separate meeting.
HLL is India''s largest FMCG company with over 20 categories in its home and personal care products and foods and beverages.
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