The list is:
ABDL, MAPL and Empee will be amalgamated into UBL through a ‘scheme of amalgamation’ under sections 391-394 of the Companies Act, 1956.
Amalgamation of UMBL and MBIL into UBL will be subject to the approval of Hon’ble Board for Industrial & Financial Reconstruction (BIFR) constituted under Section 4 of the Sick Industrial Companies (Special Provisions) Act, 1985 and the permission or approval of any other statutory or regulatory authorities which by law may be necessary for the implementation of the respective rehabilitation-cum-merger schemes of these companies.
Source: United Breweries
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