Salasar Techno: NCLT meetings approve Hill View Infrabuild amalgamation
SALASAR · price
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Equity shareholders (99.72% in favor), secured creditors (100%, worth Rs 34,715.87 lakh), and unsecured creditors (100%, worth Rs 51,943.54 lakh) have approved the proposed scheme of amalgamation of Hill View Infrabuild Limited with Salasar Techno Engineering at NCLT convened meetings held on June 5, 2026. Share exchange ratio: Salasar will issue 2,87,430 equity shares plus 8,358 5% non-cumulative CRPS of Rs 10 each for every 100 shares of Hill View Infrabuild. Appointed date is April 1, 2025. The scheme now awaits final NCLT sanction.
Key shareholder and creditor approvals secured. Hill View Infrabuild holders will receive Salasar shares and CRPS. NCLT final approval pending.