RPG Life Sciences: Subsidiary merger scheme approved by board
RPGLIFE · price
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Subsidiary RPG Active Pharma Limited (RPGAP) board approved merging its wholly owned subsidiary Actis Generics into RPGAP. Actis Generics has net worth of INR 34.60 Cr and FY26 revenue of INR 45.96 Cr. RPGAP net worth is INR 34.75 Cr. Since Actis is wholly owned, no new shares will be issued and its shares will be cancelled. No change in RPG Life Sciences shareholding pattern. Scheme needs NCLT and shareholder approvals.
Internal restructuring with no share dilution or change in shareholding pattern. Subject to NCLT approval. Aims to streamline operations and cut costs.