NCLT approves merger of Parthiv Corporate Advisory into Inland Printers
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NCLT Mumbai has sanctioned the scheme to merge Parthiv Corporate Advisory Pvt Ltd (advisory and consultancy firm) into listed Inland Printers Ltd, with appointed date of 1 January 2023. Share swap ratio is 27 shares of Inland Printers for every 1 share of Parthiv. Parthiv holds 4.23 lakh shares of Rs 10 each; Inland Printers had 49.43 lakh shares. Inland Printers was a dormant printing firm and will now absorb the advisory business. Parthiv will be dissolved without winding up.
Parthiv shareholders receive 27 Inland Printers shares per share held. Inland Printers gains an active advisory business to restart revenue operations.