Kriti Industries (India) Limited approved the merger of its wholly owned subsidiary, Kriti Auto & Engineering Plastics Private Limited, into itself. The move aims to simplify group structure and reduce administrative costs. No cash consideration is involved as the transferor is a 100% subsidiary. The subsidiary has discontinued its business operations.
Kriti Industries (India) Limited has approved the merger of its wholly-owned subsidiary, Kriti Auto & Engineering Plastics Private Limited, with itself. The consolidation aims to simplify group structure and achieve economies of scale. No cash consideration or new shares are involved as the transferor is a 100% subsidiary. The merger is subject to necessary regulatory approvals.