Acquisitions5 April 2026 at 06:01 am
Utkarsh Small Finance Bank Seeks NCLT Sanction for Scheme of Amalgamation
AI Summary
Utkarsh Small Finance Bank Ltd. and Utkarsh CoreInvest Ltd. have filed a joint second motion petition before the Hon’ble National Company Law Tribunal (NCLT) under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. This filing seeks sanction of the Scheme of Amalgamation, following approvals from equity shareholders and unsecured creditors with the requisite majority at their respective meetings. The disclosure is also available on the bank's website.
Key Highlights
- Utkarsh Small Finance Bank and Utkarsh CoreInvest Ltd. file joint second motion petition before NCLT for Scheme of Amalgamation sanction.
- Scheme of Amalgamation approved by equity shareholders and unsecured creditors with requisite majority.
- Filing under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
- Disclosure available on the bank's website for public information.