The Proposed Combination involves:

i. Acquisition of 20.51% equity shares of IRSL from Brookgrange Investment Limited by Mr. Aloke Lohia; and

ii. Transfer of 20.51% equity shares of IRSL to Ms. Urmila Lohia (by way of gift) by Mr. Aloke Lohia.

Acquirers

Mr. Aloke Lohia and Ms. Urmila Lohia are natural persons and promoters of IRSL.

IRSL

IRSL is engaged in the manufacture and supply of polyester fibres and filaments such as polyester chips, polyester fibres and polyester yarns.

Detailed order of the Commission will follow.

Source

Picture Source :

 
Vishal Gupta