BSEGamco LtdHighNeutral
Announced Wed, 1 Jul · 19:30 IST

Complify Trade Merged With Gamco; Authorised Capital Revised Up

Listed Co AcquisitionStrategic Transactions View source PDF

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AI summary

Gamco Limited has completed the amalgamation of Complify Trade Private Limited after approval from the Regional Director, Eastern Region, Ministry of Corporate Affairs, Kolkata. As a result, the authorised share capital has been raised from around 15 crore rupees to around 15.27 crore rupees, divided into 7,63,50,000 equity shares of 2 rupees each. The Memorandum of Association has been altered to reflect this change. Paid-up capital stands at 10.80 crore rupees. The filing is a post-merger regulatory intimation confirming the capital revision.

Likely market impact

Complify Trade's business is now merged into Gamco. Shareholders may see minor dilution adjustments or future share issuance tied to the merger swap ratio.