BHARATIDILNSEBharati Defence and Infrastructure LimitedHighNeutral
Announced Wed, 17 Jun · 18:15 IST
Board approves amalgamation of Exicom Technologies and Hind Simulation with BDIL
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
BDIL Board approved amalgamation of Exicom Technologies India (ETPL, total assets about 81 crores, turnover about 60.6 crores) and Hind Simulation Training (HSTPL, assets about 13.8 crores) into itself. Share exchange ratios: 1,98,887 BDIL shares per 10,000 ETPL shares, and 9,49,545 per 1,000 HSTPL shares. All three are related parties; transaction at arm's length. Scheme to be filed with NCLT and SEBI for approvals.
Likely market impact
Existing shareholders may face dilution from new share issuance; combined entity to offer wider defence and electronics portfolio. Subject to NCLT and SEBI nod.