Amalgamation of HG Industries Ltd and Greenlam Industries Ltd.
Per a circular, Greenlam Industries Ltd. has announced the allotment of equity shares to HG Industries Ltd. shareholders w.e.f 22-Nov-23. 1 equity share of Greenlam Industries Ltd. to be issued for every 2 equity shares held by shareholders of HG Industries Ltd.
The following security will be suspended from trading w.e.f 22-Nov-23.
|Name of Company||Symbol||Reason for Suspension|
|HG Industries Ltd.||HGIND||Scheme of Amalgamation|
Refer: BSE Circular