Ruchi Infrastructure Limited has informed the Exchange about Amalgamation/Merger
RUCHINFRA · price
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Ruchi Infrastructure Limited's board has approved a draft Composite Scheme of Amalgamation involving two investment subsidiaries—Lennox Investment Pvt. Ltd. and Multiacre Investment Services Pvt. Ltd.—merging into Ruchi Infrastructure. Both subsidiaries are currently inactive investment companies with no turnover and combined paid-up share capital of Rs. 7.74 crore. The merger will be conducted via a share exchange (no cash consideration), with Ruchi issuing new equity shares at ratios of 5582:1 for Lennox and 6423:1 for Multiacre (due to different face values). The transaction aims to improve capital structure, reduce overhead costs, and leverage combined assets. The company plans to seek regulatory approvals including Observation Letters from stock exchanges under SEBI regulations.
Shareholders of Ruchi Infrastructure will see dilution as approximately 13.13 crore new equity shares will be issued, increasing paid-up capital from Rs. 23.60 crore to Rs. 36.73 crore. The transaction is expected to improve the company's debt-equity ratio and operational efficiency, though public shareholding will increase to about 65% from current levels.