Announced Tue, 30 Jun · 18:49 IST
Board approves draft merger scheme absorbing EP into Expo Engineering
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.4%1-day move
₹67.55
prior close
₹69.80
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-0.4-3.0+6.6+16.8+13.8+11.0+5.1———
Up moveDown movePending
AI summary
Board of Expo Engineering And Projects Ltd approved a Draft Scheme of Merger by Absorption of Expo Project Engineering Services Private Limited (EP) into the listed company. The scheme will be filed with the NCLT and other regulators for approval. Shareholders and creditors of both entities will get an opportunity to vote on the plan. No swap ratio details were mentioned in the filing.
Likely market impact
Group entity EP to merge into listed company, simplifying structure. Awaits NCLT approval and swap ratio clarity.