Merger2 Jul 2026, 06:20 pm
ABFRL's Amalgamation Scheme Sanctioned by NCLT
AI Summary
Aditya Birla Fashion and Retail Ltd (ABFRL) announced that the National Company Law Tribunal (NCLT) has sanctioned the Scheme of Amalgamation. The scheme involves the amalgamation of Jaypore E-Commerce Private Limited and TG Apparel & Decor Private Limited into ABFRL. The NCLT's order was pronounced on July 2, 2026. This move is part of the company's corporate restructuring efforts. The certified copy of the order is awaited, and the intimation is also being uploaded on ABFRL's website.
Key Highlights
- NCLT sanctions amalgamation scheme involving ABFRL.
- Jaypore E-Commerce and TG Apparel & Decor to merge with ABFRL.
- Scheme sanctioned under Companies Act, 2013 provisions.
- Order pronounced on July 2, 2026.
- ABFRL is the Amalgamated Company in the transaction.
Price Impact
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