Article: NAHAR SPINNING UPDATES ON SCHEME OF ARRANGEMENT

Report from the India Press Release brought to you by the Hindustan Times

MUMBAI, India, June 8 -- The Bombay Stock Exchange (BSE) of India made the following corporate announcement:

With reference to the earlier announcement dated December 27, 2006, regarding the Hon'ble Punjab and Haryana High Court at Chandigarh vide its order dated December 21, 2006, sanctioning the scheme of demerger and arrangement between the Company, Nahar Exports Ltd., and Nahar Capital and Financial Services Ltd.

The said order gave ...

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