Announced Tue, 8 Sept · 15:33 IST
NCLT approves Silverleaf Capital amalgamation into Share India
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
+14.1%1-day move
₹171.30
prior close
₹170.20
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6-0.6-0.4-0.1+14.1+15.7+15.6+14.8+28.0+32.6————
Up moveDown movePending
AI summary
NCLT Ahmedabad approved the merger of Silverleaf Capital Services (a fintech firm) into Share India Securities. Silverleaf had FY25 revenue of Rs 31.62 crore with a small loss; Share India reported Rs 1,137.81 crore revenue and Rs 319.83 crore PBT. The scheme aims at business synergy and tech integration. Appointed date is October 1, 2023. No objections from SEBI, RD, RoC or Income Tax.
Likely market impact
NCLT clears the merger. Share India gains fintech capability from Silverleaf, which is small and loss-making. Share-swap ratio awaited for dilution impact.