Yesterday’s news update:
Update on Scheme of Amalgamation of CMI Energy India Private Limited with CMI Limited (‘Company’).- to Convene Meeting of Board of Directors
I was trying to check the balance sheet of the company to know how much profit can come due to this amalgamation.
This CMI Energy India is same as General Cable Energy, CMI Ltd has acquired it. It is a subsidiary now.
Annual Report On BSE India, Page 47
So, here Profit after taxation is Rs 78 Cr. Am I right?
Please correct me, if I am wrong. After amalgamation, this much profit will come into CMI Energy!
Disc: Not Invested but had in watchlist.