Scheme of Arrangement
As filed · Arihant Capital Markets Limited has informed the Exchange about Scheme of Arrangement
M&ADeterioratingMajormateriality 79 out of 100
What happened
FactArihant Capital Markets Limited has received a 'no adverse observations' letter from BSE Limited and a 'no objection' letter from the National Stock Exchange of India Limited regarding its Composite Scheme of Arrangement involving multiple companies. The scheme is still subject to applicable regulatory and other approvals. Copies of the observation letters have been uploaded on the company's website.
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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Fact- Swap ratio and its valuation basis
- Regulatory and NCLT approvals required
- Appointed date
Evidence
How CapitSignal classified this
- Reasoning:
- MERGER base 74; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%