Inventure Growth & Securities Withdraws Scheme of Arrangement

Inventure Growth & Securities Ltd announced the withdrawal of its previously proposed Scheme of Arrangement. The scheme involved the amalgamation of several subsidiaries, including Inventure Finance Private Limited, into the parent company, followed by the demerger of the 'Lending Business Undertaking' into Inventure Wealth Management Limited. The withdrawal is due to the non-receipt of a crucial approval from the Reserve Bank of India (RBI) for the resulting NBFC. The company stated that the withdrawal has no financial impact. The scheme had previously received No Objection Letters from BSE and NSE.