Merger29 Jun 2026, 07:40 pm
Chambal Breweries & Invade Agro to Amalgamate
AI Summary
Chambal Breweries & Distilleries Limited announced its Board of Directors has approved a draft Scheme of Amalgamation with Invade Agro Limited. The amalgamation, subject to regulatory and NCLT approvals, will see Chambal Breweries as the transferor company and Invade Agro as the transferee company. The appointed date for the amalgamation is June 01, 2026. While the companies are related parties, the transaction is considered at arm's length, with consideration determined by independent valuers and a fairness opinion from a merchant banker. The scheme will be filed with stock exchanges as per SEBI regulations.
Key Highlights
- Board approved draft Scheme of Amalgamation between Chambal Breweries and Invade Agro.
- Chambal Breweries is the transferor, Invade Agro is the transferee company.
- Scheme subject to statutory, regulatory, shareholder, creditor, and NCLT approvals.
- Appointed date for amalgamation is June 01, 2026.
- Transaction deemed arm's length despite related party status.
Price Impact
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