BSEBharati Defence and Infrastructure LtdMediumNeutral
Announced Wed, 17 Jun · 18:07 IST
Board approves amalgamation of Exicom Tech and Hind Simulation into BDIL
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Board approved a scheme of amalgamation merging Exicom Technologies India and Hind Simulation Training into Bharati Defence and Infrastructure (BDIL). Share exchange ratio: 1,98,887 BDIL shares for every 10,000 ETPL shares, and 9,49,545 BDIL shares for every 1,000 HSTPL shares. Related party transaction at arm's length. ETPL turnover 60.57 Cr, BDIL turnover 28.91 Cr. Subject to NCLT and SEBI approvals.
Likely market impact
Merger to combine defence and electronics businesses, expand product range. Share ratio set by independent valuers. Awaiting NCLT and SEBI approvals.