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Asian Paints on Monday said the Bombay High Court has approved the amalgamation of its wholly-owned subsidiary with itself with effect from April 1, 2009.
In a filing to the BSE, Asian Paints said the Bombay HC has sanctioned the scheme of amalgamation of Technical Instruments Manufacturers (India) (TIML), wholly-owned subsidiary, with the company.
The appointed date of the merger has been fixed at April 1, 2009. Shares of Asian Paints were trading at Rs 1,360, down 1 per cent on the BSE. - PTI
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