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The board of directors of Mahindra Automotive Steels Pvt Ltd (MASPL) and Amforge Industries Ltd accepted the proposal to merge into MASPL the demerged Chakan forgings unit of Amforge. Following the merger, every shareholder of Amforge will get a share of MASPL. M&M will invest Rs 140 crore in MASPL in one or more branches to enable the company to acquire the conrods and crankshaft machining facilities and other balancing machines. |
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| Posted : 8/9/2005 |
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