Manufacturing, processing, trading, preserving, packing, bottling, selling, supplying, buying, importing, exporting and otherwise dealing in all kinds of beer, ale, porter, stout, wines, spirits, aerated waters and liquors and the Transferee Company has been inter alia carrying on the business of process, manufacture, distill, prepare, refine, blend, store, mature, produce, import, export and generality to deal in wines, spirits, liquors, country liquors, whisky, gin, rum, brandy, spirits, liquors, beer, aerated, mineral and medicated waters. The proposed scheme of Amalgamation will have the benefit as per the opinion of the management, that the Transferor Company is a wholly owned subsidiary of the Transferee Company and that the amalgamation will enable the Transferee Company to consolidate the businesses and lead to synergies in operation and create a stronger financial base and it would be advantageous to combine the activities and operations of both companies into a single Company for synergistic linkages and the benefit of combined financial resources which will be reflected in the profitability of the Transferee Company and that this Scheme of amalgamation would result in merger and thus consolidation of business of the Transferor Company and the Transferee Company in one entity, all the shareholders of the merged entity will be benefited by result of the amalgamation of Business and availability of a common operating platform and that the Amalgamation of the Transferor Company with the Transferee Company will also provide an opportunity
