Please find enclosed herewith Intimation on Scheme of Amalgamation of Yaduka Financial Services Limted with and into Ashika Credit Capital Limited and their respective shareholders and creditors.
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Ashika Credit Capital Ltd has announced a Scheme of Amalgamation under which Yaduka Financial Services Ltd will merge into Ashika Credit Capital Ltd. The merger will involve the合并 of both companies and their respective shareholders and creditors. This is a preliminary intimation, and the scheme will need to be approved by the NCLT and other regulatory authorities. The share exchange ratio and other key details are expected to be disclosed in the detailed scheme document.
Shareholders of both Ashika Credit Capital and Yaduka Financial Services should expect further updates on the share swap ratio, NCLT approval timeline, and any conditions attached. The stock may see short-term volatility as the merger progresses through regulatory approvals.