New Delhi High Court approves Peerless Abasan amalgamation of Shristi Infrastructure

Peerless Abasan Finance Ltd has announced that the petition filed by the Shristi Infrastructure Development Corporation Ltd was heard and the Hon'ble High Court of Delhi at New Delhi has sanctioned the Scheme of Amalgamation of Shristi Infrastructure Development Corporation Ltd with the Company.

The Certified copy of the order is awaited.

The Company has already admitted petition for approval of Scheme of Amalgamation with High Court at Calcutta and its petition is pending.

The stock closed the day at Rs.32.50, down by Rs.1.70 or 4.97%. The stock hit an intraday high of Rs.34.50 and low of Rs.32.50. The total traded quantity was 26505 compared to 2 week average of 58669.

Source : Equity Bulls

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