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Alchemist to consider Kaiser merger on Aug 31

Written by: Staff
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New Delhi, Aug 24 (UNI) Alchemist Ltd today said its board will meet on August 31 to consider the merger of Kaiser Hospital Ltd with the company.

''A meeting of the Board of Directors of the company will be held on August 31, 2006, to seek the approval of the Board for the merger of Kaiser Hospital Ltd,'' a company statement said.

Kaiser Hospital is a 200-bed multi-speciality hospital with medical technology and related infrastructures located at Panchkula, Chandigarh.

The parent company of Alchemist Ltd, formerly Toubro Infotech&Industries Ltd, the Alchemist Group, a Rs 1500-crore conglomerate with a staff strength of over 5,000, acquired the Chandigarh-based Kaiser Hospital in January.

UNI PV CS BD1328

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