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Lancor G: Corp to merge with Lancor Holdings

CHENNAI: Lancor G: Corp Properties, promoted by Lancor group (formerly DBS Properties) and G.Corp (formerly Gesco Corporation, a division of Great Eastern Shipping Company), will be merged with Lancor Holdings, a company listed on the Bombay Stock Exchange. Consequent to the merger, the paid-up share capital of Lancor Holdings will increase to 40.50 lakh shares from 32 lakh shares by issue of 8.50 lakh fresh equity shares of Rs. 10 each at Rs. 323.50 per share, says a release from Lancor Holdings.

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