CRISIL LTD. - Updates on Outcome of Board Meeting
Download 
|
< Back |
| 17 Oct 2015 | |
| CRISIL Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 17, 2015 approved the Scheme of Amalgamation of its three wholly owned subsidiary companies, viz., Pipal Research Analytics and Information Services India Private Limited, Coalition Development Systems (India) Private Limited and Mercator Info-Services India Private Limited (hereinafter all three companies are collectively referred to as "Transferor companies") with the Company and their respective shareholders and creditors under sections 391 to 394 and any other applicable provisions of the Companies Act, 1956 and Companies Act, 2013, to the extent notified and applicable ("the Scheme").<BR><BR>The Appointed Date for the merger shall be April 01, 2016. As per the Scheme, no shares are proposed to be issued pursuant to the merger, since all the Transferor companies are wholly-owned subsidiary companies of the Company.<BR><BR>The Scheme is subject to requisite consent of the Hon'bie High Court of Judicature at Bombay, the permission or approval of the Stock Exchanges or any other statutory or regulatory' authorities or institution(s), which by law may be necessary for the implementation of the Scheme.<BR><BR>The Company has appointed BSE Limited as the Designated Stock Exchange for the purpose of coordinating with SEBI with regards to the Scheme. | |
| View all announcements for CRISIL LTD. | Source: BSE India |
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback