This is to inform order for the scheme of the amalgamation of the Plus care internationals private limited with One global services providers limited is received on the 02.04.2025
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One Global Service Provider Ltd (BSE: 514330) has received the certified copy of the NCLT Mumbai Bench order dated March 25, 2025, approving the scheme of amalgamation of Plus Care Internationals Private Limited (Transferor) into One Global Service Provider Limited (Transferee). Both companies operate in healthcare and related services. The appointed date for the merger is January 19, 2023, meaning the merger is effective retrospectively from that date. Shareholders of Plus Care Internationals will receive equity shares of One Global Service Provider as consideration. Plus Care Internationals will be dissolved without winding up. BSE had earlier given its no-objection to the scheme in August 2023, and shareholders of One Global had already approved the scheme at an EGM held on May 9, 2024.
This is a structural consolidation move that brings Plus Care Internationals' healthcare business under One Global Service Provider, potentially expanding its healthcare portfolio and operational scale. Shareholders of Plus Care will become shareholders of the listed entity (One Global), and the merger may lead to cost savings and integrated operations. Once the order is filed with the Registrar of Companies, the scheme becomes effective and new shares are issued, which could have a mild dilutive effect on existing shareholders of One Global.