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Merger & Restructuring

Jb Chemicals & Pharmaceuticals Merger & Restructuring

J.B. Chemicals & Pharmaceuticals Limited shareholders have approved the Scheme of Amalgamation with Torrent Pharmaceuticals Limited. The meeting, convened by the NCLT Ahmedabad Bench, saw the proposal passed with the requisite majority through e-voting. This marks a significant milestone in the merger process between the two pharmaceutical entities.

Source

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

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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