Merger18 Aug 2026, 04:41 pm
RHI Magnesita India Subsidiary Merger Effective
AI Summary
Intermetal Engineers (India) Private Limited, a wholly owned subsidiary of RHI Magnesita India Limited, has received approval for its merger with Ashwath Technologies Private Limited. The merger, effective from August 18, 2026, with an appointed date of April 1, 2026, aims to streamline corporate structure, enhance operational efficiencies, and achieve administrative synergies. Following the merger, Ashwath Technologies Private Limited becomes a direct wholly owned subsidiary of RHI Magnesita India Limited. Concurrently, there have been changes in the directorship and chairmanship of Ashwath Technologies Private Limited.
Key Highlights
- Merger of wholly owned subsidiaries Intermetal and Ashwath Technologies approved.
- Scheme effective August 18, 2026, aiming for operational and structural efficiencies.
- Ashwath Technologies now a direct wholly owned subsidiary of RHI Magnesita India.
- Director changes at Ashwath Technologies following the merger.
Price Impact
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