Announced Fri, 21 Aug · 14:54 IST
NCLT approves amalgamation of Silverleaf Capital with Share India Securities
SHAREINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹177.00
prior close
₹174.28
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.1+0.1-0.1-0.3——————————
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AI summary
NCLT Ahmedabad approved the Scheme of Amalgamation of Silverleaf Capital Services Pvt Ltd (Transferor) with Share India Securities Ltd (Transferee). Order dated Aug 20, 2026, with appointed date Oct 1, 2023. Silverleaf is an unlisted tech firm in financial services; Share India is a listed broking entity on BSE and NSE. Order to be filed with RoC within 30 days, after which Silverleaf will stand merged into Share India.
Likely market impact
Share India shareholders get an integrated financial services platform with added tech capabilities. Silverleaf will cease as a separate entity. Positive consolidation move.