Thursday, November 29, 2007

Nicholas Piramal Equity & Preference Shareholders approve Scheme of Arrangement

Nicholas Piramal India Ltd pursuant to the meeting of the Equity Shareholders and Series II Preference Shareholders of the Company at its court convened meeting held on November 23, 2007, have approved the Composite Scheme of Arrangement between the Company and NPIL Research & Development Ltd, by overwhelming requisite majority.

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