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Sundram Fasteners to merge arms

Our Bureau

CHENNAI: Sundram Fasteners Ltd has informed the BSE that the board of directors of Aplomb Investments Ltd (AIL), a subsidiary of the company, has approved a proposal to merge Upasana Engineering Ltd (an unlisted wholly owned subsidiary of AIL) and Upasana Components Ltd (an unlisted subsidiary of AIL) with Aplomb Investments Ltd, with effect from April 1, 2005.

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