Grasim Industries Ltd has informed BSE that the Board of Directors of Samruddhi Cement Ltd. ("Samruddhi"), an unlisted subsidiary of Grasim Industries Ltd. (the "Company"), at its meeting held on November 15, 2009, has approved the merger of Samruddhi into UltraTech Cement Ltd. ("UltraTech") a listed subsidiary of the Company. The merger is proposed to be undertaken through a scheme of amalgamation under Sections 391-394 of the Companies Act, 1956.
In this regard, the Company has submitted to BSE a copy of the Press Release dated November 15, 2009 issued by Samruddhi, jointly with UltraTech titled "Samruddhi Cement Limited to merge with UltraTech; Creates 10th Largest Cement Company in the World"
| NIFTY 
