Merger21 Mar 2026, 07:21 pm
Birla Cable Ltd. Announces Approval of Scheme of Amalgamation with Vindhya Telelinks Limited
AI Summary
Birla Cable Ltd. announced the approval of a Scheme of Amalgamation between itself and Vindhya Telelinks Limited at a Board Meeting held on March 21, 2026. The amalgamation will result in the dissolution of Birla Cable Ltd. The scheme is subject to necessary statutory and regulatory approvals, including the approval of the National Company Law Tribunal. The details of the scheme are provided in Annexure ‘A’.
Key Highlights
- Birla Cable Ltd. and Vindhya Telelinks Limited approved a Scheme of Amalgamation.
- The amalgamation will result in the dissolution of Birla Cable Ltd.
- The scheme is subject to necessary statutory and regulatory approvals.
- The consideration for the amalgamation will be discharged on an arms’ length basis.
- The share exchange ratio for the amalgamation has been arrived at based on a report by RBSA Valuation Advisors LLP and GT Valuation Advisors Private Limited.