Kavveri Defence & Wireless Technologies LimitedKAVDEFENCENSE
Scheme of Arrangement
As filed · Kavveri Defence & Wireless Technologies Limited has informed the Exchange about Scheme of Arrangement.
M&AWatchMajormateriality 83 out of 100
What happened
FactScheme of Arrangement. Independent Directors of the Company, have approved the Scheme of Amalgamation between Samoro. The Scheme of Amalgamation is subject to approvals from the respective shareholders and Creditors.
Why it matters
CapitSignal interpretationA merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
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- Regulatory and NCLT approvals required
- Appointed date
Evidence
How CapitSignal classified this
- Reasoning:
- MERGER base 74; +4 corroborating keywords; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%