Deals26 Aug 2024, 08:57 pm
JAI CORP LTD. Announces Merger of Promoter Company Pet Fibres Pvt. Ltd. with Mega Pipes Pvt. Ltd.
AI Summary
JAI CORP LTD. has received an intimation about the merger of its promoter company, Pet Fibres Pvt. Ltd., with Mega Pipes Pvt. Ltd. as per the NCLT Order dated 21st March, 2024. The effective date of the merger is 31st January, 2023. The Company is in the process of updating the records and transferring the shares from Pet Fibre's DP account with ILFS to Mega Pipes’s DP account with MOSL.
Key Highlights
- JAI CORP LTD. announces merger of its promoter company, Pet Fibres Pvt. Ltd., with Mega Pipes Pvt. Ltd.
- The merger is as per the NCLT Order dated 21st March, 2024.
- The effective date of the merger is 31st January, 2023.
- The Company is in the process of updating the records and transferring the shares.
- The shares are being transferred from Pet Fibre's DP account with ILFS to Mega Pipes’s DP account with MOSL.