Announced Mon, 6 Jul · 18:46 IST
NCLT approves merger of J.B. Chemicals with Torrent Pharmaceuticals
Regulatory & Legal View source PDF
TORNTPHARM · price
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Price reaction · full curve 14 horizons · vs prior close
+1.2%1-day move
₹4824.00
prior close
₹4854.80
base price
After-mkt
timing
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-0.1-0.1-0.0+0.1+1.2+1.3+1.4+2.5+3.1+2.2————
Up moveDown movePending
AI summary
NCLT Ahmedabad has sanctioned the Scheme of Amalgamation of J.B. Chemicals and Pharmaceuticals with Torrent Pharmaceuticals under Sections 230 to 232 of the Companies Act, 2013. The scheme will become effective once the certified copy of the order is filed with the Registrar of Companies. The effective date will be shared with stock exchanges later.
Likely market impact
Positive for shareholders as merger moves closer to completion. Share swap ratio and effective date are awaited.