Arihant Capital Markets Receives No Objection from NSE & BSE for Scheme of Arrangement
Arihant Capital Markets Ltd (ACML) has received observation letters with 'no adverse observations' from BSE Limited and 'no objection' from the National Stock Exchange of India Limited, both dated June 25, 2026, regarding its Scheme of Arrangement. This follows the Board's approval on August 26, 2025. The scheme involves a composite arrangement among ACML, Arihant Financial Services Limited, Arihant Elite Financial Solutions Limited, Arihant Investment Banking Services Limited, and Arihant Money Marvel Wealth Management Limited. SEBI has also provided comments on the draft scheme, emphasizing compliance with regulations, disclosure of ongoing proceedings, and timely website updates. The scheme remains subject to applicable regulatory and other approvals.
Key Highlights
- ACML received 'no objection' letters from BSE and NSE for its Scheme of Arrangement.
- The scheme involves multiple entities including ACML, AFSL, AEFSL, AIBSL, and AMMWML.
- SEBI has provided specific comments on the draft scheme, focusing on regulatory compliance.
- The arrangement is subject to further regulatory and other necessary approvals.
Price Impact
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