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The draft Scheme of Amalgamation of BRFL Textiles Pvt. Ltd with the Company and their respective shareholders under Sections *** to *** and other applicable provisions of the Companies Act, ****, will be subject to all necessary regulatory and shareholder approvals.
Gokaldas Exports had already made a strategic investment in BTPL in June **** through optionally convertible debentures and earlier this week the Gokaldas board had approved increasing the shareholding in BTPL to **%.
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