Arihant Capital Markets Limited has informed the Exchange about Scheme of Arrangement
ARIHANTCAP · price
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On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 0.2 pts less than its Stockbroking & Allied peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Arihant Capital Markets Limited (ACML) has received a No Objection Certificate (NOC) from the Reserve Bank of India for the proposed amalgamation of its group entity, Arihant Financial Services Limited (AFSL), with itself. The RBI NOC is a key regulatory milestone since both entities operate in the financial services space and require central bank approval for such consolidation. The scheme is aimed at merging the group's financial services businesses under the listed entity ACML. No share swap ratio, valuation, or timeline details have been provided in this filing. The amalgamation remains subject to other statutory and regulatory approvals, including NCLT and shareholder clearances.
Removal of the RBI hurdle is a positive step for the merger, but the stock may see limited immediate impact until the share swap ratio and NCLT approval timeline are disclosed. Investors should track further filings for definitive terms of the amalgamation.