SCHEME OF AMALGAMATION

​Shares of Ramond surged 6% on Monday to its day’s high of Rs 2,675 on BSE as the National Company Law Tribunal (NCLT) approved the demerger of the company’s lifestyle business and the amalgamation of its consumer trading arm.

The National Company Law Tribunal (NCLT) has approved Raymond’s composite scheme of arrangement and restructuring, involving the demerger of its lifestyle business and the amalgamation of its consumer trading arm. The approval paves the way for a fo...

Adani Power Ltd's arm Mahan Energen Ltd approved merging Stratatech Mineral Resources with Dhirauli Coal Mine to enhance fuel security, subject to shareholder and regulatory approvals, with a peak-rated capacity of 6.5 million tonnes per annum. The ...

"We wish to inform that the resolution approving the Scheme was passed by the overwhelming majority of 99.95 per cent of the equity shareholders, representing more than three-fourths in value of the equity shareholders of the bank voting through rem...

​​"We wish to inform that the resolution approving the Scheme was passed by the overwhelming majority of 99.95 per cent of the equity shareholders, representing more than three-fourths in value of the equity shareholders of the bank voting through r...

Aditya Birla Capital Limited (ABCL) and Aditya Birla Finance (ABFL) have approved the Scheme of Amalgamation (Scheme) to create a large unified operating NBFC. The merger will result in a reduction of legal entities and simplification of the group s...

The hearing was postponed on February 21 because the Indian Performing Right Society (IPRS), which opposes the scheme, has informed the NCLT that its application challenging the tribunal's dismissal order dated February 9 has been held for judgment ...

Tata Steel had earlier announced the amalgamation of nine of its strategic businesses, including Tata Steel Long Products, Tinplate Company of India, Tata Metaliks, TRF, The Indian Steel & Wire Products, Tata Steel Mining Ltd, S & T Mining Company.

The scheme of amalgamation between TRF and Tata Steel, announced in 2022, was seen unfavourable for shareholders of TRF. "The swap ratio announced at the time of the merger was not very beneficial for the minority shareholders and the shares had see...

Tata Steel -- the promoter of TRF -- held a 34.1% stake in the company as on December-end. Under the amalgamation scheme, shareholders of TRF were to get 17 shares of Tata Steel for every 10 held in the company.

The decision was taken by TRF's Board on Tuesday, which approved the withdrawal of the scheme. The Board of Directors of Tata Steel has also consented to the withdrawal of the scheme, the filing said.

"...CCI vide its letter dated January 23, 2024 has communicated that CCI in its meeting held on January 23, 2024, considered and approved the proposed combination involving amalgamation of Fincare Small Finance Bank Limited into and with AU Small Fi...

The scheme of amalgamation and arrangement between JP Infra (Mumbai) and its affiliated entities Four D Estates, Four D Buildspace and JP Infra Realty have been approved by NCLT. As all these entities belong to the same promoter group, the proposed ...

The Reserve Bank of India (RBI) has granted approval for the reverse merger of IDFC Ltd with its banking subsidiary, IDFC First Bank. The composite scheme involves the merger of IDFC Financial Holding Company with IDFC and then the merger of IDFC in...

Tata Steel on Friday said it has completed the merger of S & T Mining Company Ltd with itself. The scheme of amalgamation of S & T Mining Company Ltd ('S&T Mining') into and with Tata Steel Ltd was approved and sanctioned by National Company Law Tri...

AU Small Finance Bank on Saturday reported a 17% rise in standalone net profit at Rs 402 crore for the September quarter 2023-24 aided by an improvement in interest income. The Jaipur-based lender had logged a net profit of Rs 343 crore in the year-...

In a regulatory filing, Tata Steel Long Products said the NCLT's Cuttack bench, on October 18, sanctioned the scheme of amalgamation of the company with Tata Steel.

Sebi, in November, had put in place operational guidelines pertaining to "scheme of arrangement" by entities who have listed their debt securities -- non-convertible debentures (NCDs) or non-convertible redeemable preference shares (NCRPS).

The National Company Law Tribunal (NCLT) has given its nod for holding a shareholders' meeting for obtaining approval for the proposed merger of HDFC with HDFC Bank. The shareholder meeting will be convened on November 25, 2022 for the purpose of co...