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Wednesday, March 16, 2011

Jyothy Laboratories Ltd: Updates on Outcome of Board meeting

Jyothy Laboratories Ltd has now informed BSE that pursuant to the resolution of the Board of Directors at their meeting held on March 16, 2011, the Company has acquired 17,351,686 equity shares of Henkel India Ltd,
representing about 14.90% of the equity share capital of the Company, from Tamilnadu Petroproducts Ltd for an aggregate consideration of Rs. 607,309,010 (Rupees Six Hundred and Seven Million Three Hundred and Nine Thousand and Ten), representing Rs 35 (Rupees Thirty Five) per Equity Share.

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