Announced Sat, 11 Jul · 20:46 IST
NCLT sanctions amalgamation of 5 subsidiaries into TVS Supply Chain Solutions
TVSSCS · 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
-1.4%1-day move
₹141.36
prior close
₹139.10
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.0+2.2+3.4+2.8-1.4-1.7-1.9-4.3-3.1-5.2————
Up moveDown movePending
AI summary
NCLT Chennai has approved TVS Supply Chain Solutions' scheme to merge 5 subsidiaries - Mahogany Logistics, TVS SCS Global Freight, White Data Systems, SPC International, and FLEXOL Packaging - into itself. Four are wholly owned so their shares get cancelled. Mahogany Logistics shareholders will get 3,75,02,140 equity shares of Re 1 each. Appointed date is April 1, 2023. NCLT Bengaluru nod for SPC International still pending.
Likely market impact
Internal group restructuring. Share count rises by 3.75 crore shares for Mahogany Logistics shareholders. Final effectiveness awaits NCLT Bengaluru nod.