Boards of Tata Chemicals and Hind Lever Chemicals approve
proposal to merge
January 24, 2003


      The transaction enabl...
Boards of Tata Chemicals and Hind Lever Chemicals approve proposal to merge
Boards of Tata Chemicals and Hind Lever Chemicals approve proposal to merge
Boards of Tata Chemicals and Hind Lever Chemicals approve proposal to merge
Boards of Tata Chemicals and Hind Lever Chemicals approve proposal to merge
Boards of Tata Chemicals and Hind Lever Chemicals approve proposal to merge
Boards of Tata Chemicals and Hind Lever Chemicals approve proposal to merge
Boards of Tata Chemicals and Hind Lever Chemicals approve proposal to merge
Boards of Tata Chemicals and Hind Lever Chemicals approve proposal to merge
Boards of Tata Chemicals and Hind Lever Chemicals approve proposal to merge
Boards of Tata Chemicals and Hind Lever Chemicals approve proposal to merge
Boards of Tata Chemicals and Hind Lever Chemicals approve proposal to merge
Boards of Tata Chemicals and Hind Lever Chemicals approve proposal to merge
Boards of Tata Chemicals and Hind Lever Chemicals approve proposal to merge
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Boards of Tata Chemicals and Hind Lever Chemicals approve proposal to merge

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Boards of Tata Chemicals and Hind Lever Chemicals approve proposal to merge

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Boards of Tata Chemicals and Hind Lever Chemicals approve proposal to merge

  1. 1. Boards of Tata Chemicals and Hind Lever Chemicals approve proposal to merge January 24, 2003 The transaction enables the creation of 'natural synergies' and the development of a superior operating model and business profile. The transaction will strengthen the company's financial position across all key performance parameters. Merger ratio fixed at 2.5:1 (2.5 shares of Tata Chemicals for every one share of Hind Lever Chemicals) The boards of Tata Chemicals Limited (TCL) and Hindustan Lever Chemicals Limited (HLCL) today approved the proposal to merge the two companies. As per the proposed scheme of merger, HLCL shareholders will be issued new TCL shares in the ratio of 2.5:1 (2.5 shares of TCL for every one share of HLCL held). The transaction is subject to statutory, regulatory and shareholder approvals of both companies and the merger, once approved, will be effective from April 1, 2002. Commenting on the transaction, Prasad

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