IFGL Exports Ltd. completed the acquisition of IFGL Refractories Limited from a group of sellers.
IFGL Exports Ltd. completed the acquisition of IFGL Refractories Limited (NSEI:IFGLREFRAC) from a group of sellers on August 3, 2017. As part of the consideration IFGL Exports Ltd issued 34.61 million shares. As on August 3, 2017, National Company Law Tribunal of Kolkata sanctioned the deal. A board meeting will be conducted for IFGL Exports to give approval to change the name of IFGL Exports to IFGL Refractories, move headquarters of IFGL Exports to Odisha address, to re constitute Directors of IFGL Exports, to list IFGL Exports shares on Bombay Stock Exchange and National Stock Exchange, fixing record date for ascertaining shareholders of IFGL Exports who will be eligible to receive shares of IFGL Refractories and other business transactions.