Ventura Guaranty Limited hereby submits the certified true copy of the order received in respect of the order pronounced by the Hon''ble National Company Law Tribunal ("NCLT") in connection ....
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Ventura Guaranty Limited has disclosed receipt of the certified copy of the NCLT Mumbai Bench order approving the merger by absorption of Kashmira Investment and Leasing Private Limited (KILPL, unlisted) into Ventura Guaranty Limited (VGL, BSE-listed, Scrip Code 512060). The order was pronounced on November 17, 2025 after a hearing on November 16, 2025, with the certified copy received on November 25, 2025. Both companies are RBI-registered NBFCs with overlapping business activities, and VGL already holds 10.06% in KILPL. The share swap ratio is fixed at 84 equity shares of VGL (Rs. 10 each) for every 100 equity shares of KILPL (Rs. 10 each), with the appointed date being April 1, 2024. RBI approval was obtained in October 2024 and BSE/SEBI observation letter received in December 2024; no objectors appeared before the Tribunal. The merger is expected to lead to consolidation of NBFC operations, surrender of KILPL's NBFC license to RBI, and operational synergies.
Shareholders of KILPL will receive VGL shares per the swap ratio, while existing VGL shareholders will see a slight dilution. The merger streamlines the group structure, reduces duplicate NBFC compliance, and is likely neutral to mildly positive for VGL shareholders given cost synergies, though dilution from the share issuance partially offsets this.