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Merger & Restructuring

CIE Automotive India Merger & Restructuring Worth ₹4,896 Cr

CIE Automotive India Limited's board approved the merger of its wholly owned subsidiary, CIE Aluminium Casting India Limited, into itself. The move aims to consolidate businesses and enhance operational efficiencies. As a merger of a wholly owned subsidiary, no new shares will be issued, and the subsidiary's share capital will be cancelled.

Key figures
Value₹4,896 Cr
Source

NSE filing, NSE: CIEINDIA. Summary written from the filing by ALFA Finder's alert engine.

Read the filing ↗

CIE Automotive India Ltd: key numbers

Share price
₹363.90
Market cap
₹13,805 Cr
Revenue (annual)
₹9,406 Cr
Net profit (annual)
₹828.2 Cr
P/E (TTM)
14.8×Sector 30.9×
Promoter holding
65.70%+0.00% QoQ
FII holding
4.68%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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19:53 IST NSE
Merger & RestructuringEmkay Global Financial Services Ltd EMKAY

Emkay Global Financial Services Merger & Restructuring Worth ₹30 Cr

Emkay Global approved transferring two subsidiaries to new subsidiary ECPL and slump-selling its wealth business. Up to Rs.30 Crore rights investment in ECPL was also approved.

Value
₹30.00 Cr
Execution
Divestment completion expected within 90 days of SPA execution, subject to regulatory approvals