Change of Shareholding of the Company pursuant to the Scheme of Amalgamation between Promoter Group Companies
As filed · The Peria Karamalai Tea & Produce Company Limited has informed the Exchange about Change of Shareholding of the Company pursuant to the Scheme of Amalgamation between Promoter Group Companies
M&AWatchMajormateriality 79 out of 100
What happened
FactThe Peria Karamalai Tea & Produce Company Limited has informed the Exchange about Change of Shareholding of the Company pursuant to the Scheme of Amalgamation between Promoter Group Companies. Pursuant to the said Scheme of Amalgamation, the equity shareholding held by Placid Limited in. Also, pursuant to the said Scheme of Amalgamation, Kiran Vyapar Limited, another Promoter.
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; +2 corroborating keywords; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%