Markolines Pavement Technologies Receives No Objection for Amalgamation Scheme
Markolines Pavement Technologies Limited has received observation letters with no adverse objections from BSE Limited and the National Stock Exchange of India Limited (NSE) for its proposed Scheme of Amalgamation. The scheme involves the amalgamation of Markolines Infra Limited (Transferor Company) with and into Markolines Pavement Technologies Limited (Transferee Company). The stock exchanges have conveyed their 'No Objection' to proceed with filing the scheme with the National Company Law Tribunal (NCLT), subject to compliance with specified conditions. The company will adhere to all stipulated observations and regulations from SEBI, the Companies Act, and other applicable laws during the NCLT process.
Key Highlights
- Received 'No Objection' letters from BSE and NSE for amalgamation scheme.
- Scheme involves amalgamation of Markolines Infra with Markolines Pavement Technologies.
- Stock exchanges permit filing with NCLT, subject to conditions.
- Company commits to complying with all regulatory requirements.
- Next step involves pursuing the scheme before the Hon'ble NCLT.
Price Impact
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