Share India Securities Limited has informed the Exchange about the receipt of Observation Letters with ''No Adverse Observations'' and ''No Objection'' from BSE Limited and National Stock Exchange of India Limited respectively, in relation to the Scheme of Amalgamation of Silverleaf Capital Services Private Limited with Share India Securities Limited.
SHAREINDIA · price
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Awaiting price reaction for this filing.
Share India Securities Limited has received clearance from both stock exchanges — BSE gave a 'No Adverse Observations' letter on July 9, 2025, and NSE gave a 'No Objection' letter on July 11, 2025 — for its proposed amalgamation with Silverleaf Capital Services Private Limited. This scheme was originally announced on March 18, 2024 and August 5, 2024, and is being pursued under Sections 230-232 of the Companies Act, 2013. With exchange approvals now in hand, the company can move to the next stage of seeking statutory clearances, including from the National Company Law Tribunal (NCLT), shareholders, and creditors. The amalgamation will bring Silverleaf Capital Services under the Share India umbrella, consolidating operations within the listed entity.
This is a procedural milestone that brings the merger closer to completion, but the deal is not yet final — it still needs NCLT, shareholder, and creditor approvals. No immediate impact on share price is expected from this update, but successful completion could expand Share India's business footprint through the Silverleaf acquisition.