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<a href="http://www.accessmylibrary.com/coms2/summary_0286-22384010_ITM" title="Facts and information about TATA CHEM, HIND LEVER CHEM SWAP AT 2.5:1 (ratio of five Tata Chemicals Limited shares for two Hindustan Lever Chemicals Ltd shares).">TATA CHEM, HIND LEVER CHEM SWAP AT 2.5:1 (ratio of five Tata Chemicals Limited shares for two Hindustan Lever Chemicals Ltd shares).</a>
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TATA CHEM, HIND LEVER CHEM SWAP AT 2.5:1 (ratio of five Tata Chemicals Limited shares for two Hindustan Lever Chemicals Ltd shares).
(From India Business Insight)
Tata Chemicals Ltd (TCL) and Hindustan Lever Chemicals Ltd (HLCL) are merging with retrospective effect from 1 Apr 2002. The boards of the two companies have approved a share swap ratio of 2.5:1 or five TCL shares for two HLCL shares. The holding of the Tata group will decline from 30 percent in TCL to 25 percent in the …
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