Announced Mon, 20 Jul · 20:35 IST
Unsecured Creditors approve Veefin amalgamation scheme with 100% votes
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
-7.3%1-day move
₹328.10
prior close
—
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————-7.3-7.4-7.0-7.7——————
Up moveDown movePending
AI summary
The NCLT-convened meeting of Veefin Solutions Unsecured Creditors approved the Scheme of Amalgamation to merge GlobeTF Solutions and Estorifi Solutions into Veefin. All 22 unsecured creditors voted in favor, representing 100 percent by value (about INR 31.92 crore). The scheme still requires NCLT final sanction and other regulatory approvals.
Likely market impact
Key step forward for the merger, but NCLT final order and other regulatory clearances are still needed before completion.