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Merger & Restructuring

Jb Chemicals & Pharmaceuticals Merger & Restructuring

J. B. Chemicals & Pharmaceuticals Ltd shareholders approved the Scheme of Amalgamation with Torrent Pharmaceuticals Limited during an NCLT-convened meeting. The resolution passed with a requisite majority of three-fourths in value. This marks a critical regulatory milestone in the merger process between the two pharmaceutical entities.

Source

BSE filing, BSE: 506943. 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