Intimation of Approval of Scheme of Amalgamation of Promoter Group Companies
METROGLOBL · price
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Metroglobal Ltd has informed BSE that the NCLT Ahmedabad Bench has approved a Scheme of Amalgamation involving promoter group entities. Two companies — Anil Dye-Chem Industries Pvt Ltd and Maiden Tradefin Pvt Ltd — will merge into Amaze Trading and Investment Pvt Ltd, with an appointed date of April 1, 2024. Metroglobal itself is not a party to the scheme. However, since the merging entities belong to its promoter group, the internal shareholding pattern of the promoter group in Metroglobal will be reorganised. Crucially, the overall promoter shareholding in Metroglobal will remain unchanged — it is purely an inter-se consolidation within the promoter group.
No material impact on Metroglobal's shares or minority shareholders — total promoter shareholding stays the same, only the holding structure within the promoter group changes.