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Board approved in-principle merger with 74.86%-parent Time Technoplast, subject to valuation, scheme and regulatory approvals; swap ratio is undecided. CFO Pawan Agarwal will depart September 30, replaced internally by Sunil Vyas from October 1.
TPL Plastech Approves Merger Into Time Technoplast At 403-For-1000 Ratio
TPL Plastech Board Approves Merger Into Time Technoplast At 403:1000 Ratio
TPL Plastech Board To Consider Time Technoplast Merger On September 29
TPL Plastech Backs In-Principle Merger With Holding Company Time Technoplast
TPL Plastech Approves In-Principle Merger With Time Technoplast