Business Update29 May 2024, 04:30 pm
Ramgopal Investment & Trading Co. Pvt Ltd Acquires 12.69% Shares in Ramgopal PolytEX Ltd Through Scheme of Amalgamation
AI Summary
Ramgopal Investment & Trading Co. Pvt Ltd has acquired 18,39,100 (12.69%) equity shares of Ramgopal PolytEX Ltd pursuant to a Scheme of Amalgamation of Ramgopal Textiles Limited and Tarapur Synthetics Private Limited with Ramgopal Investment And Trading Company Private Limited. The acquisition was made after receiving the certified copy of the NCLT order on April 24, 2024 and filing it with the MCA on May 27, 2024. The shares were previously held by Ramgopal Textiles Limited and Tarapur Synthetics Private Limited.
Key Highlights
- Ramgopal Investment & Trading Co. Pvt Ltd acquires 12.69% shares in Ramgopal PolytEX Ltd.
- Acquisition made through Scheme of Amalgamation of Ramgopal Textiles Limited and Tarapur Synthetics Private Limited with Ramgopal Investment And Trading Company Private Limited.
- Acquisition approved by the Hon'ble National Company Law Tribunal, Mumbai Bench and filed with Ministry of Corporate Affairs.
- Shares acquired were previously held by Ramgopal Textiles Limited and Tarapur Synthetics Private Limited.
- Acquisition completed on May 27, 2024 after receiving necessary approvals.