Sundaram Clayton members to consider merger
Sundaram Clayton members to consider merger >A meeting of the equity shareholders of Sundaram Clayton (Q, N,C,F)* will be held on Oct. 22, 2007 for approving the scheme of arrangement between the company and WABCO-TVS (INDIA) and their respective shareholders and creditors.
Sundaram-Clayton reported a weak growth in net profit for the quarter ended in June 2007. During the quarter, the company reported a 1.35% rise in profit to Rs 182.30 million from Rs 179.88 million in the same quarter last year.
Sales for the qua rter rose 6.06% to Rs 2,013.70 million compared with the corresponding quarter, a year ago.
Shares of the company gained Rs 7.5, or 1.02%, to settle at Rs 739.95. The total volume of shares traded was 205 at the BSE.(Tuesday)
