Alfa Laval to take up merger issue on Sept 7

Our Corporate Bureau

Mumbai, Aug 31: Alfa Laval India Ltd (ALIL) will consider a proposal to merge Alfa Laval Financial Services Ltd (ALFSL), a wholly-owned subsidiary, with the parent company.

The board of directors will take up the issue at a board meeting scheduled on September 7, according to a company notification to the BSE. ALFSL registered an operating income of Rs 2.46 crore for the year-ended December 2000. Net profit stood at Rs 91 lakh for the year. The company recently forayed into the bills discounting business which is likely to yield additional income for the company. ALFSL, according to its annual report, is likely to augment income from fee-based activities.