Indo Thai Securities Limited has informed the Exchange about Scheme of Arrangement between Indo Thai Securities Limited ( ITSL or Demerged Company or Company ) and Indo Thai Financial Services Limited ( ITFSL or Resulting Company )
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Indo Thai Securities Limited has informed the stock exchange about a Scheme of Arrangement involving the company and Indo Thai Financial Services Limited. Under the scheme, Indo Thai Securities Limited is the Demerged Company and Indo Thai Financial Services Limited is the Resulting Company. This means a part of Indo Thai Securities' business is proposed to be transferred or demerged into Indo Thai Financial Services Limited. Such schemes typically require approval from the National Company Law Tribunal (NCLT) and shareholders, along with a share entitlement ratio for existing shareholders. No specific swap ratio, effective date, or financial details have been disclosed in this announcement.
This is a corporate restructuring step that could reshape the company's business structure. Shareholders should watch for the share entitlement ratio and NCLT approvals, which will determine how the demerger affects their holdings.