Board of Samvardhana Motherson International approves scheme of amalgamation

Image
Capital Market
Last Updated : Jan 27 2023 | 2:31 PM IST

At meeting held on 27 January 2023

The Board of Directors of Samvardhana Motherson International (Company or Transferee Company) (Board) at its meeting today, i.e., 27 January 2023, has, inter alia, considered and approved the Scheme of Amalgamation of Motherson Consultancies Service and Motherson Invenzen Xlab and Samvardhana Motherson Polymers and MS Global India Automotive (collectively referred to as Transferor Companies) with the Company and their respective shareholders and creditors under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (scheme). The Transferor Companies are the wholly owned subsidiaries of the Company.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Great minds don’t just skim the surface, they uncover the full story.

Already subscribed? Log in

Subscribe to read the full story →

Smart Quarterly

₹900

3 Months

₹300/Months/month

SAVE 25%

Smart Essential

₹2700

1 Year

₹225/Months/month

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Unlimited access to all articles

  • 30+ premium stories daily, handpicked by our editor

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio

  • Wirecutter & The Athletic

Complimentary Access to Our e-Paper

  • Digital replica of our daily newspaper

  • Read, save, share any article

Curated Newsletters on Diverse Topics

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Smart Investment Tips

  • In-depth stock analysis & insights

  • The Smart Investor for wealth growth tips

Access to Extensive Historical Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading Experience

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Repository of articles and publications dating back to 1997

Save 25%

More From This Section

Gold price in Delhi today is ₹ 84,470, Click Here for other cities. Silver price in Delhi today is ₹ 84,470, Click Here for other cities.

First Published: Jan 27 2023 | 2:10 PM IST

Subscribe to read without limits
Subscribe Now
Next Story