The government has approved the amalgamation of International Aluminium Products (IAPL) with National Aluminium Company (Nalco). The order had been issued under section 396 of the Companies Act. The department of company affairs (DCA), which approved the amalgamation, said in a release that the orders followed resolutions passed by the board of directors of the two companies to this effect. Through this amalgamation, the shares and equity capital of IAPL, along with all its assets and liabilities, had been merged with Nalco, it said.
NSTL
