Aarti board approves merger of Anushakti’s manufacturing div

September 10, 2012 7:04 am

The Board of Directors of Aarti Industries Limited, a leading manufacturer and exporter of Chemicals and Pharmaceuticals, has inter-alia given in-principal approval to formulate the scheme for merger of manufacturing division of Anushakti Chemicals and Drugs Ltd into Aarti Industries Ltd and to consider further steps to be taken in this regard. Aarti Industries Ltd. holds a 49.6 per cent equity stake in Anushakti Chemicals & Drugs Ltd. The company has its manufacturing units at Bhachau in Gujarat, as well as Tarapur and Dombivali in Maharashtra.