Grasim Industries Ltd has informed that the Court Convened Meetings of the Equity Shareholders, Secured Creditors (including Debenture holders) and Unsecured Creditors, held on October 13, 2008, the Equity Shareholders, Secured Creditors (including Debenture holders) and Unsecured Creditors have unanimously approved the Scheme of Arrangement under Sections 391 to 394 of the Companies Act, 1956 between Grasim Industries Ltd and Vikram Sponge Iron Ltd and their respective Shareholders and Creditors.
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