By IANS,
Kolkata : Mangalam Timber Products Ltd (MTPL), a B.K. Birla company, has offered to merge itself with another group firm, Mangalam Cement.
In a regulatory filing to the Bombay Stock Exchange, Mangalam Cement said the company has received a letter from MTPL proposing amalgamation.
“Mangalam Cement Ltd has informed the BSE that the Company has received a letter from Mangalam Timber Products Ltd (MTPL) informing that the Board of Directors of Mangalam Timber Products Ltd has recommended amalgamation of MTPL with Mangalam Cement Ltd.”
The meeting of the board of directors of Mangalam Cement Ltd is being convened May 12, 2010, to examine the proposal of amalgamation of MTPL with Mangalam Cement Ltd, it said.
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