of all kinds of crops through the domestic distribution and dealer network and through governmental schemes, and exporting such seeds (“Trading Business”); and (iii)undertaking research and development in agriculture and in bio-sciences including on contract basis (“R&D Business”). The Learned Advocate for the Petitioner/Resulting Company says that the benefits of the Demerger of the Demerged Undertaking pursuant to the Scheme are: (a) The Demerged Company and the Petitioner/ Resulting Company belong to the Syngenta Group of companies; (b) In order to consolidate the Syngenta Group’s Indian operations pertaining to the businesses carried on by the Demerged Undertakings, it is proposed that the Demerged Undertakings be transferred to and vested in the Resulting Company by way of a Demerger undertaken through this Scheme; and (c) The Scheme is expected to have benefits relating inter alia to economies of scale, strengthening of service offerings, enhanced competitiveness, better management coordination, operations and cost and revenue synergy. The Board of Directors of the Petitioner/Resulting Company and the Demerged Company have approved the said Scheme by passing their respective board resolutions which are annexed to the Petition.
