Corporate News     22-Dec-14
Board of International Conveyor approves acquisition of US based newly incorporated entity
At meeting held on 22 December 2014
International Conveyors announced that the Board of Directors of the Company at its meeting held on 22 December 2014, has authorised the Company to purchase equity shares of a newly incorporated entity International Conveyors America Inc. under the laws of the United States Of America.

The acquired company will market belting in North America.

Subsequent to the above mentioned acquisition, International conveyors America Inc. would become a wholly owned subsidiary of the Company.

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