Clio Infotech to merge with Webclues Infotech and Codezeros Technology
Clio Infotech Ltd announced a proposed amalgamation with Webclues Infotech Private Limited (WIPL) and Codezeros Technology Private Limited (CTPL). The merger, to be absorbed by Clio Infotech, aims to consolidate businesses, enhance operational efficiencies, and strengthen the technology and software services platform. Shareholders of WIPL will receive 7,044 equity shares, and CTPL shareholders will receive 8,159 equity shares of Clio Infotech, based on a valuation report dated November 4, 2026. The scheme is subject to regulatory and statutory approvals, including from the stock exchange, SEBI, shareholders, creditors, and the National Company Law Tribunal. The company also disclosed its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026.
Key Highlights
- Clio Infotech to merge with Webclues Infotech and Codezeros Technology.
- Merger aims to consolidate operations and enhance efficiency.
- Shareholders of WIPL and CTPL to receive Clio Infotech equity shares.
- Scheme subject to various regulatory and NCLT approvals.
- Unaudited financial results for Q2 FY27 also disclosed.
Price Impact
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