Nutraplus to consider cancellation of Vetpharma amalgamation

By: | Published: June 25, 2016 5:17 PM

Pharma firm Nutraplus India today said its board will consider cancellation and withdrawal of the scheme of amalgamation of Vetpharma with the company.

On January 27, the board of Nutraplus India had approved, the scheme of amalgamation of Vetpharma with the company. (WEBSITE)On January 27, the board of Nutraplus India had approved, the scheme of amalgamation of Vetpharma with the company. (WEBSITE)

Pharma firm Nutraplus India today said its board will consider cancellation and withdrawal of the scheme of amalgamation of Vetpharma with the company.

“A meeting of the Board of Directors of the company will be held on July 1, 2016… to consider cancellation and withdrawal of the scheme of amalgamation of Vetpharma Ltd,” Nutraplus India said in a BSE filing.

The company however did not provide any reasons for the development.

On January 27, the board of Nutraplus India had approved, the scheme of amalgamation of Vetpharma with the company.

At that time Nutraplus India had said the amalgamation of Vetpharma with it will provide significant synergistic benefits and economies of scale and other benefits.

Nutraplus produces bulk drugs/active pharmaceutical ingredients (APIs), specialty chemicals & intermediates.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Switch to Hindi Edition