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Supreme, Siltap to unite

By Our Staff Correspondent

MUMBAI FEB. 8. The Supreme Industries and Siltap Chemicals at their respective meetings have approved the merger of Siltap into Supreme with effect from August 1, 2002. The share exchange ratio for purposes of merger of Siltap into Supreme is one equity share of Supreme for every two equity shares of Siltap. Accordingly, Supreme will have an equity capital of Rs. 13.06 crores, post merger against Rs, 10.01 crores now.

Supreme manufactures industrial products, consumer products, packaging products and plastic pipe system and Siltap manufactures cross laminated film products and wide width films.

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